1 Our Finalbam s.mohawkcollege.ca/courses/53960/ques/286393/take Lane Incorporated has the following values on the financial statements: Inventory beginning balance $12,000, ending balance $13,000. Accounts Receivable beginning balance $7,000 and $7.300 ending balance. Accounts Payable beginning balance is $9,200 and ending balance is $9,600. Credit sales of $100,000 and Cost of goods sold of $80,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Inventory tumover in days fround to 2 decimals) Receivable period in days fround to 2 decimals) Operating cycles in days tround to 2 decimals) Payables turnover in days fround to 2 decimals days after it pays its bills The firm is receiving cash on average (round to 2 decimals Question 5 12 pts hop om