Castile Products, Inc.

Balance Sheet

December 31

Assets

Current assets:

Cash $19,000

Accounts receivable, net 210,000

Merchandise inventory 350,000

Prepaid expenses 7,000

Total current assets 586,000

Property and equipment, net 860,000

Total assets $1,446,000

Liabilities and Stockholders' Equity

Liabilities:

Current liabilities $240,000

Bonds payable, 9% 310,000

Total liabilities 550,000

Common stock, $10 par value $110,000

Retained earnings 786,000

Total stockholders' equity 896,000

Total liabilities and equity $1,446,000

Castile Products, Inc.

Income Statement

For the Year Ended December 31

Sales $3,080,000

Cost of goods sold 1,360,000

Gross margin 1,720,000

Selling and administrative expenses 590,000

Net operating income 1,130,000

Interest expense 27,900

Net income before taxes 1,102,100

Income taxes (30%) 330,630

Net income $771,470

Working Capital-346000, Current ratio-2.44, Acid-Test ratio-.95, Debt-to-equity ratio-.61, Times interest earned ratio-40.50, Average collection period-26.1 days,

Average sales period-91.3 days, Operating Cycle-

I only need the answer to the operating cycle.

Operating cycle-_______Days.(Round your intermediate calculations and final answers to 1 decimal place.)