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Kato Corporation has provided the following data: Year 1 Year 2 Accounts receivable..... $269,000...

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Accounting

Kato Corporation has provided the following data:

Year 1 Year 2

Accounts receivable..... $269,000 $290,000

Inventory...................... $190,000 $160,000

Sales on account....... $1,340,000

Cost of goods sold... $ 525,000 The company's operating cycle for Year 2 is closest to:

197.9 days
150.5 days

79.2 days

9.7 days

Answer & Explanation Solved by verified expert
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