Louie Corporation Has Provided the Following Data The Company's Operating Cycle for Year 2 Is Closest To

Multiple Choice

Louie Corporation has provided the following data:
$\begin{array}{lrr}& \text { year 2}& \text {Year 1 }\\\text { Accounts receivable ........ } & \$ 269,000 & \$ 290,000 \\\text { Inventory .................... } & \$ 190,000 & \$ 160,000 \\\text { Sales, on account.......... } & \$ 1,340,000 & \\\text { Cost of goods sold ......... } & \$ 860,000 &\\\end{array}$ The company's operating cycle for Year 2 is closest to:

A) 81.0 days
B) 150.5 days
C) 79.2 days
D) 9.7 days