Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: home / study / questions and answers / business / accounting / ribaudo corporation has provided the following ... Question Ribaudo Corporation has provided the following financial data from its balance sheet and income statement: Year 2 Year 1

Cash $74,000 $130,000

Accounts receivable $255,000 $240,000

Inventory $173,000 $180,000

Total current assets $564,000 $610,000

Total assets $1,350,000 $1,330,000

Accounts payable $170,000 $160,000

Total liabilities $633,000 $620,000

Total stockholders' equity $717,000 $710,000

Sales (all on account) $1,290,000

Cost of goods sold $700,000

The company's operating cycle for Year 2 is closest to:

The company's accounts receivable turnover for Year 2 is closest to:

a. 1.05

b. 5.06

c. 5.21

d. .94