Guttery Corporation has provided the following financial data from its balance sheet: Year 2Year 1Accounts receivable, net$112,000 $110,000 Inventory$174,000 $150,000 Total assets$1,236,000 $1,250,000 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 18.6 days
B. 93.5 days
C. 41.0 days
D. 71.2 days
Answer: B
Business
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