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: $$\begin{array} { | l | r | r | } \hline & \text { Y ear 2 } & \text { Year 1 } \\\hline \text { Accounts receivable } & \$ 269,000 & \$ 290,000 \\\hline \text { Inventory } & \$ 190,000 & \$ 160,000 \\\hline \text { Sales, on account } & \$ 1,340,000 & \\\hline \text { Cost of goods sold } & \$ 860,000 & \\\hline\end{array}$$ 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