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Natcher Corporation’s accounts receivable at the end of Year 2 was $142,000 and its accounts receivable...

Natcher Corporation’s accounts receivable at the end of Year 2 was $142,000 and its accounts receivable at the end of Year 1 was $149,000. The company’s inventory at the end of Year 2 was $146,000 and its inventory at the end of Year 1 was $138,000. Sales, all on account, amounted to $1,399,000 in Year 2. Cost of goods sold amounted to $818,000 in Year 2. The company’s operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.)

Multiple Choice

  • 47.6 days

  • 72.5 days

  • 68.7 days

  • 100.9 days

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Correct ans is d 100.9 days

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