A) Calculate this company's operating cycle AND its cash conversion cycle if days accounts payable outstanding is 45 days.

B) Calculates this company's return on assets breaking out the profit margin and the asset turnover.

Please show all work.

2018 $230,000 257,500 565,000 60,000 695,000 200,000 75,000 Condensed financial data are presented below for the Phoenix Corporation: 2019 Accounts receivable 267,500 Inventory 312,500 Total current assets 670,000 Intangible assets 50,000 Total assets 825,000 Current liabilities 252,500 Long-term liabilities 77,500 Sales 1,640,000 Cost of goods sold 982,500 Interest expense 10,000 Income tax expense 77,500 Net income 127,500 Cash flow from operations 71,000 Cash flow from investing activities (6,000) Cash flow from financing activities (62,500) Tax rate 30%