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Natcher Corporation's accounts receivable at the end of Year 2 was $132,000 and its accounts receivable at the end of Year 1 was $136,000. The
Natcher Corporation's accounts receivable at the end of Year 2 was $132,000 and its accounts receivable at the end of Year 1 was $136,000. The company's inventory at the end of Year 2 was $134,000 and its inventory at the end of Year 1 was $126,000. Sales, all on account, amounted to $1,388,000 in Year 2. Cost of goods sold amounted to $804,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 45.5 days O 69.3 days o 65.1 days 94.0 days
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