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20.00 points Consider the following financial statement information for the Ayala Corporation: Inventory Accounts receivable Accounts payable $11,500 6,500 8,700 $12,500 6,800 9,100 Credit sales

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20.00 points Consider the following financial statement information for the Ayala Corporation: Inventory Accounts receivable Accounts payable $11,500 6,500 8,700 $12,500 6,800 9,100 Credit sales Cost of goods sold $95,000 75,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places, e.g.32.16) Operating cycle Cash cycle 83.95 days 40.64 days 18 2 4

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