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Natcher Corporations accounts receivable at the end of Year 2 was $131,000 and its accounts receivable at the end of Year 1 was $134,000. The
Natcher Corporations accounts receivable at the end of Year 2 was $131,000 and its accounts receivable at the end of Year 1 was $134,000. The companys inventory at the end of Year 2 was $132,000 and its inventory at the end of Year 1 was $124,000. Sales, all on account, amounted to $1,386,000 in Year 2. Cost of goods sold amounted to $803,000 in Year 2. The companys operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 45.3 days 68.4 days 64.2 days 92.7 days
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