Ella Company had sales on account of $150,000 and its beginning and ending balances in accounts receivable were $12,000 and $8,000, respectively. In addition, its cost of goods sold was $120,000 and its beginning and ending inventory balances were $10,000 and $14,000, respectively.

Given this information, the operating cycle for Ella Company is closest to:

60.83 days.

56.83 days.

47.83 days.

51.83 days.