On Eastern Printing Machines Co.’s income statement of 20X1, the cost of goods sold and the credit sales are \($200\) million and \($240\) million, respectively. The following data are from its balance sheets.

a. How many days is Eastern Printing Machines’ operating cycle?

b. How many days is Eastern Printing Machines’ cash cycle?

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Inventory Accounts receivable Accounts payable ($ millions) Dec. 31, 20X1 Dec. 31, 20X2 $40 $60 30 50 10 30