Markus Companys common stock sold for $3.25 per share at the end of this year. The company paid a common stock dividend of $0.65 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance	Beginning Balance
Cash	$ 39,000	$ 35,200
Accounts receivable	$ 72,000	$ 56,200
Inventory	$ 61,900	$ 72,000
Current assets	$ 172,900	$ 163,400
Total assets	$ 531,000	$ 550,400
Current liabilities	$ 69,000	$ 60,000
Total liabilities	$ 156,000	$ 140,400
Common stock, $1 par value	$ 132,000	$ 132,000
Total stockholders equity	$ 375,000	$ 410,000
Total liabilities and stockholders equity	$ 531,000	$ 550,400

	This Year
Sales (all on account)	$ 850,000
Cost of goods sold	$ 493,000
Gross margin	$ 357,000
Net operating income	$ 173,375
Interest expense	$ 9,500
Net income	$ 114,712

Foundational 14-11 (Algo)

11. What is the companys operating cycle?