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Please solve all questions and detail answers CLEARLY Natcher Corporation's accounts receivable at the end of Year 2 was $134,000 and its accounts receivable at
Please solve all questions and detail answers CLEARLY
Natcher Corporation's accounts receivable at the end of Year 2 was $134,000 and its accounts receivable at the end of Year 1 was $138,000. The company's inventory at the end of Yea 2 was $136,000 and its inventory at the end of Year 1 was $128,000. Sales, all on account, amounted to $1,390,000 in Year 2. Cost of goods sold amounted to $806,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 95.5 days 65.9 days 700 days 46.0 daysStep by Step Solution
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