1. Consider the following financial statement information for Kirkwood United.

Item	Year 1	Year 2	Year 3
Inventory	$10,700	$10,300	$9,900
Accounts receivable	$6,500	$7,300	$8,100
Accounts payable	$8,200	$6,200	$4,200
Net sales	$140,000
Cost of goods sold	$80,000

Assume all sales are on credit. How long is the cash cycle?

Group of answer choices

66.03 days

33.25 days

46.99 days

37.74 days

55.47 days

2. Finish this statement: Decreasing the cash cycle can increase profits

Group of answer choices

by decreasing interest payments on debt.

by increasing interest payments on debt.

by decreasing the operating cycle.

by increasing the operating cycle.

by increasing the inventory period.