Mahoe Corporation has provided the following financial data: Year 1 Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Current assets: Cash 105,000 Accounts receivable, net 255,000 Inventory 206,000 Prepaid expenses 44,000 Total current assets 610,000 Plant and equipment, net 1,065,000 Total assets $1,675,000 190,000 220,000 200,000 50,000 660,000 970,000 $1,630,000 $ $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 119,000 88,000 53,000 260,000 110,000 370,000 110,000 80,000 50,000 240,000 110,000 350,000 250,000 70,000 985,000 1,305,000 $1,675,000 250,000 70,000 960,000 1,280,000 $1,630,000 Income Statement For the Year Ended December 31, Year 2 Sales (all on account) $1,330,000 Cost of goods sold 890,000 Gross margin 440,000 Operating expenses 393,571 Net operating income 46,429 Interest expense 10,000 Net income before taxes 36,429 Income taxes (30%) 10,929 Net income 25,500 Dividends on common stock during Year 2 totaled $500. The market price of common stock at the end of Year 2 was $8.06 per share. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)