12.2 - The Operating Cycle 1) Libscomb Technologies' annual sales are $5,140,232 and all sales are made on credit, it purchases $3,949,307 of materials each year (and this is its cost of goods sold). Libscomb also has $538,241 of inventory, $476,051 of accounts receivable, and $422,905 of accounts payable. Assume a 365 day year. What is Libscombs Inventory Turnover? 2) Libscomb Technologies' annual sales are $5,790,872 and all sales are made on credit, it purchases $3,221,342 of materials each year (and this is its cost of goods sold). Libscomb also has $539,653 of inventory, $498,477 of accounts receivable, and $416,602 of accounts payable. Assume a 365 day year. What is Libscombs Inventory Period (in days)? 3) Libscomb Technologies' annual sales are $5,453,137 and all sales are made on credit, it purchases $4,438,622 of materials each year (and this is its cost of goods sold). Libscomb also has $507,663 of inventory, $535,660 of accounts receivable, and $412,720 of accounts payable. Assume a 365 day year. What is Libscombs Receivables Turnover? 4) Libscomb Technologies' annual sales are $5,146,807 and all sales are made on credit, it purchases $3,586,343 of materials each year (and this is its cost of goods sold). Libscomb also has $536,963 of inventory, $1,475,000 of accounts receivable, and $1,400,000 of accounts payable. Assume a 365 day year. What is Libscombs Receivables Period (in days)? 5) Libscomb Technologies' annual sales are $5,978,281 and all sales are made on credit, it purchases $3,098,575 of materials each year (and this is its cost of goods sold). Libscomb also has $541,786 of inventory, $535,975 of accounts receivable, and $412,410 of accounts payable. Assume a 365 day year. What is Libscombs Operating Cycle (in days)?