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JL Meriwether, Inc. has credit sales of $923,000 and cost of goods sold of $789,000. On average, the firm has $83,000 in accounts receivable, $146,000

JL Meriwether, Inc. has credit sales of $923,000 and cost of goods sold of $789,000. On average, the firm has $83,000 in accounts receivable, $146,000 in inventory, and $104,000 in accounts payable. How many days are in the operating cycle?

Question 8 options:

1) 85.29 days
2) 91.03 days
3) 97.86 days
4) 100.36 days

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