Natcher Corporations accounts receivable at the end of Year 2 was $137,000 and its accounts...
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Accounting
Natcher Corporations accounts receivable at the end of Year 2 was $137,000 and its accounts receivable at the end of Year 1 was $142,000. The companys inventory at the end of Year 2 was $141,000 and its inventory at the end of Year 1 was $132,000. Sales, all on account, amounted to $1,394,000 in Year 2. Cost of goods sold amounted to $811,000 in Year 2. The companys operating cycle for Year 2 is closest to:
1) 71.9 days
2) 98.4 days
3) 46.5 days
4) 67.8 days
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