Consider the following financial statement information for the ABC Corporation:

	2019		2020
Inventory	$17,788		$21,412
Accounts Receivable	12,524		13,333
Accounts Payable	12,992		13,103
Net Sales	142,608		$148,108
Cost of Goods Sold	107,336		110,975

a) Determine the cash cycle and the operating cycle for each year.

b) Interpret and explain your answer.

c) If you wanted to shorten the cash conversion cycle, what could you do and why?