4) Assume a firm has a cash cycle of 59 days and an operating cycle of 88 days. What is its average payment period?

5) Assume a firm has a cash cycle of 40 days and an operating cycle of 67 days. What is its average payment period?

6) Assume a firm has a cash cycle of 77 days and an operating cycle of 135 days. What is its payables turnover? (Use 365 days a year. Round your answer to 2 decimal places.)

Payable's turnover will be 365 days/58 days = 6.29 times