1. Libscomb Technologies' annual sales are $6,222,265 and all sales are made on credit, it purchases $4,380,823 of materials each year (and this is its cost of goods sold). Libscomb also has $557,549 of inventory, $539,065 of accounts receivable, and $439,067 of accounts payable. Assume a 365 day year.

What is Libscombs Operating Cycle (in days)?

2. Libscomb Technologies' annual sales are $6,900,018 and all sales are made on credit, it purchases $3,523,671 of materials each year (and this is its cost of goods sold). Libscomb also has $592,135 of inventory, $508,326 of accounts receivable, and beginning and ending of year $477,659 and $489,281 accounts payables (respectively). Assume a 365 day year.

What is Libscombs Cash Cycle (in days)?