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

question 101

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

---

Definitions:

Comparative Approaches

Methods that involve comparing and contrasting different theories, systems, or cases to gain insights or understand differences.

Persuasive Presentation

A type of speech or presentation aimed at convincing the audience to accept a certain viewpoint or to take a specific action.

Preparation Steps

The actions taken prior to beginning a task or project that are intended to ensure its successful execution.

Persuasive Presentation

A type of presentation designed to convince or influence the audience to adopt a certain viewpoint or action.