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