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Calculate the company operating cycle for year

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Reference no: EM131730209

Question - Louie Corporation has provided the following data:

Year 2 Year 1

Accounts receivable $269,000 $290,000

Inventory $190,000 $160,000

Sales, on account $1,340,000   

Cost of goods sold $860,000    

The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)

81.0 days

150.5 days

79.2 days

9.7 days

Reference no: EM131730209

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