1. In 2021 Super Mega Storm, Inc. has $9,460,338 in credit sales, $393,353, in Accounts Receivable, $253,353 in Accounts Payable, and $698,232 in Inventories. Cost of Goods Sold that year was $2,063,242. Use 365-days a year. Using a 365-day year, calculate operating cycle.

(The answer should be 138.70 days)

2. In 2015 Super Mega Storm, Inc. has $6,790,372 in credit sales, $383,649, in Accounts Receivable, $255,121 in Accounts Payable, and $561,239 in credit sales in Inventories. Cost of Goods Sold that year was $2,226,258 = 0.6*6,790,372. Use 365-days a year.

Using a 365-day year, calculate cash conversion cycle.

(The answer should be 70.81)