TB MC Qu. 14-50 (Algo) Natcher Corporation's accounts receivable at the end... Natcher Corporation's accounts receivable at the end of Year 2 was $150,000 and its accounts receivable at the end of Year 1 was $157,000. The company's inventory at the end of Year 2 was $153,000 and its inventory at the end of Year 1 was $145,000. Sales, all on account, amounted to $1,406,000 in Year 2. Cost of goods sold amounted to $824,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 75.6 days 106.1 days 48.9 days 71.9 days

TB MC Qu. 14-50 (Algo) Natcher Corporation's accounts receivable at the end... Natcher Corporation's accounts receivable at the end of Year 2 was $150,000 and its accounts receivable at the end of Year 1 was $157,000. The company's inventory at the end of Year 2 was $153,000 and its inventory at the end of Year 1 was $145,000. Sales, all on account, amounted to $1,406,000 in Year 2. Cost of goods sold amounted to $824,000 in Year 2. The company's operating cycle for Year 2 is closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice 75.6 days 106.1 days 48.9 days 71.9 days

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 49BE: Accounts Receivable Balance Hart Inc. began the year with $315,700 of accounts receivable. During...

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