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1. Consider the 2020 financial statements for BVC Corp. provided on the second tab. a. Rounding to the nearest whole number of days, what was
1. Consider the 2020 financial statements for BVC Corp. provided on the second tab. a. Rounding to the nearest whole number of days, what was the company's operating cycle in 2020? days b. Rounding to the nearest whole number of days, what was the company's cash cycle in 2020? days BVC Co. Balance Sheet As of 12/31/20 BVC Co. Income Statement For the year ended 12/31/20 Cash Accounts receivable Inventory Current assets Accounts payable Revolving credit facility Current liabilities Working capital Net fixed assets Total assets 100 165 123 388 123 75 198 190 800 990 Sales Cost of goods sold Gross profit Operating expense Depreciation Total op exps EBIT Interest NIBT Income tax NIAT 4,000 3,000 1,000 700 100 800 200 50 150 50 100 Debt Equity Total capital 400 600 1,000
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