A company has the following figures from its most recent accounts: Receivables $295,000 Trade payables $120,000 Inventory (raw materials) $45,000 Inventory (WIP) $25,000 Inventory (finished goods) $66,000 Sales (100% on credit) $1,631,000 Gross profit margin $30% on sales value Raw materials purchases 90% of cost of sales value Calculate the cash operating cycle . Assume 365 days in a year and round calculations to the nearest day.