Calculate the Operating Cycle based on the following information:

1} Calculate the Operating Cycle based on the following information: Assets: Income Statement: Cash 12,000,000 Sales {50% Credit) 40,000,000 Accounts Receivable 6,000,000 Cost of Sales 15,000,000 Inventories (average) 4,000,000 Selling. General & Admin. 10,000,000 Net xed assets 12 000 000 Other Ex pensesiTaxes 5,000,000 Total Assets 34.000.000 Net Income 10.000.000 Liabiiities and Equity: Accounts Payable 4,000,000 Sal. Ben, Wage Pay. 5 000 000 Total Liabilities 9,000,000 Stockholders Equity 25.000.000 Liabilities and Equity 34,000,000