Assume that there are 365 days yearly, answer the following questions.

(a) Calculate the operating cycle.

(b) Calculate the cash cycle.

(c) Judge whether the following statement is true and explain your answer: It is possible to have a negative cash cycle.

AR company has the following financial statement information: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning($) 7800.00 3500.00 7500.00 Ending($) 10200.00 4500.00 7900.00 90000.00 56000.00 Assume that there are 365 days yearly, answer the following questions