Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate operating cycle.

Round the answers to two decimal places

Balance Sheet December 31, 2013

Cash and marketable securities$112,000Accounts payable$211,000Accounts receivable$325,000Notes payable$51,500Inventories$426,000Accrued expenses$50,100Prepaid expenses$10,700Total current liabilities$312,600Total current assets$873,700Long-term debt$225,000Gross fixed assets$1,514,000Par value and paid-in-capital$117,000Less: accumulated depreciation$315,000Retained Earnings$1,418,100Net fixed assets$1,199,000Common Equity1,535,100Total assets$2,072,700Total liabilities and owner's equity$2,072,700

Income Statement, Year of 2013

Net sales (all credit)$3,256,600.00Less: Cost of goods sold$2,572,714.00Selling and administrative expenses$323,000.00Depreciation expense$115,000.00EBIT$245,886.00Interest expense$29,600.00Earnings before taxes$216,286.00Income taxes$86,514.40Net income$129,771.60