1.Note the following financial information. How long is the firm's cash cycle (in days)?

BALANCE SHEET - SELECTED ITEMS:

2/1/2020

2/2/2019

CURRENT ASSETS

Cash and temporary cash investments

$1,578.00

$1,610.00

Receivables

$1,706.00

$1,589.00

Inventory

$8,464.00

$8,123.00

Prepaid and other current assets

$522.00

$758.00

Total current assets

$10,890.00

$10,803.00

CURRENT LIABILITIES

Current portion of L-T debt incl finance leases

$2,562.00

$3,157.00

Trade accounts payable

$6,349.00

$6,059.00

Accrued salaries and wages

$1,168.00

$1,227.00

Other current liabilities

$4,164.00

$3,831.00

Total current liabilities

$14,243.00

$14,274.00

INCOME STATEMENT - SELECTED ITEMS:

SALES

$122,286.00

$121,852.00

Operating expenses

Cost of Goods Sold

$95,294.00

$95,103.00

Operating, general and administrative

$21,208.00

$20,786.00

Rent

$884.00

$884.00

Depreciation and amortization

$2,649.00

$2,465.00

Operating Profit

$2,251.00

$2,614.00