Consider the following financial statement information for the Zamboni Icers Corporation:

Item	Beginning		Ending
Inventory	$6,478		$7,656
Accounts receivable	3,933		4,648
Accounts payable	5,334		6,304
Net sales		$61,254
Cost of goods sold		40,677

Compute the operating cycle. Compute the cash cycle. (20 points)

Is the cash cycle efficient for Zamboni? (5 points)

If Walmart has negative cash cycle, is it good/bad for the firm? Why? (5 points)