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Markus Companys common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per

Markus Companys common stock sold for $2.75 per share at the end of this year. The company paid a common stock dividend of $0.55 per share this year. It also provided the following data excerpts from this years financial statements:

Accounts Ending Balance Beginning Balance
Cash $35,000 $30,000
Accounts Receivable $60,000 $50,000
Inventory $55,000 $60,000
Current Assets $150,000 $140,000
Total Assets $450,000 $460,000
Current Liabilities $60,000 $40,000
Total Liabilities $130,000 $120,000
Common Stock $1 Par Value $120,000 $120,000
Total Stockholders Equity $320,000 $340,000
Total Liabilities and Stockholders Equity $450,000 $460,000
Accounts This Year
Sales (All on Account) $700,000
Cost of Goods Sold $400,000
Gross Margin $300,000
Net Operating Income $140,000
Interest Expense $8,000
Net Income

$92,400

What is the companys operating cycle?

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