a) Concept logistics' sales for the last financial year was $450,000 (all credit) and the cost of goods sold was $250,000. Using the following extract calculate cash cycle and operating cycle. Item Inventory Accounts Receivable Accounts Payable 1/7/2020 30/6/2021 70,000 88,000 53,000 55,000 37,000 44,000 (6 Marks)