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drw92 drw92
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9 months ago
Natcher Corporation’s accounts receivable at the end of Year 2 was $152,000 and its accounts receivable at the end of Year 1 was $159,000. The company’s inventory at the end of Year 2 was $154,000 and its inventory at the end of Year 1 was $146,000. Sales, all on account, amounted to $1,408,000 in Year 2. Cost of goods sold amounted to $826,000 in Year 2. The company’s operating cycle for Year 2 is closest to:(Round your intermediate calculations to 1 decimal place.)

▸ 49.2 days

▸ 75.5 days

▸ 71.9 days

▸ 106.5 days
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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Gimor1220Gimor1220
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drw92 Author
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9 months ago
Good timing, thanks!
shelbycox
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Yesterday
You make an excellent tutor!
mcraver1
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2 hours ago
this is exactly what I needed
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