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Required information The Foundational 15 (Algo) (L014-2, L014-3, L014-4, LO14-5, L014-6) The following information applies to the questions displayed below.) Markus Company's common stock sold

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Required information The Foundational 15 (Algo) (L014-2, L014-3, L014-4, LO14-5, L014-6) The following information applies to the questions displayed below.) Markus Company's common stock sold for $5.50 per share at the end of this year. The company paid a common stock dividend of $0.77 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders equity Total liabilities and stockholders' equity Ending Balance $ 54,500 $ 100,000 $ 79,000 $ 233,500 $ 857,000 $ 91,500 $ 232,000 $ 171,000 $ 625,000 $ 857.000 Beginning Balance $ 47,200 $ 71,200 $ 100,000 $ 218,400 $938,800 $ 100,500 $ 209,800 $ 171,006 $ 730,000 $ 938,800 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $1,195,000 $ 693, 100 $ 501,900 $ 338,250 $ 16,500 $ 225, 225 Foundational 14-11 (Algo) 11. What is the company's operating cycle? (Use 365 days in a year. Round your intermediate and final answer to 2 decimal places.) Operating cyclo days

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