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A look at the Balance sheet and Income Statement of Steeple, Inc. in 2010 yields the following information (in thousands): Beginning Balance Ending Balance Accounts

A look at the Balance sheet and Income Statement of Steeple, Inc. in 2010 yields the following

information (in thousands):

Beginning Balance Ending Balance

Accounts Receivable $4,155 a. $4,650

Accounts Payable $5,200 b. $5,750

Inventory $2,150 3,150

Credit Sales $57,450

COGS 45,100 c.

1 (15 points possible)the operating cycle of Steeple, Inc.

2 (15 points possible)the cash conversion cycle of Steeple, Inc.

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