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Natcher Corporation's accounts receivable at the end of Year 2 was $136,000 and its accounts...

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Accounting

Natcher Corporation's accounts receivable at the end of Year 2 was $136,000 and its accounts receivable at the end of Year 1 was $141,000. The company's inventory at the end of Year 2 was $139,000 and its inventory at the end of Year 1 was $131,000. Sales, all on account, amounted to $1,393,000 in Year 2. Cost of goods sold amounted to $809,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Assume 365 days a year. Do not round your intermediate answers.)

46.2 days

70.9 days

66.8 days

96.9 days

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