Natcher Corporation's accounts receivable at the end of Year 2 was $138,000 and its accounts receivable at the end of Year 1 was $144,000. The company's inventory at the end of Year 2 was $142,000 and its inventory at the end of Year 1 was $133,000. Sales, all on account, amounted to $1,395,000 in Year 2. Cost of goods sold amounted to $813,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.)
A) 46.8 days
B) 71.8 days
C) 67.8 days
D) 98.8 days

Question

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The Answer of Natcher Corporation's accounts receivable at the end of Year 2 was $138,000 and its accounts receivable at the end of Year 1 was $144,000. The company's inventory at the end of Year 2 was $142,000 and its inventory at the end of Year 1 was $133,000. Sales, all on account, amounted to $1,395,000 in Year 2. Cost of goods sold amounted to $813,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.)
A) 46.8 days
B) 71.8 days
C) 67.8 days
D) 98.8 days

Natcher Corporation's Accounts Receivable at the End of Year 2