Help Please?!?!

Click the icon to view the incor Lion Corporation is concerned about a potential accumulated earnings tax liability. It accumulates E&P for working capital necessary to conduct its manufacturing business. The following data appear in its current year balance sheets. Click the icon to view the balance sheet data.) Read the requirements 1 Data Table Requirements a. What is Lion's operating cycle in days? As a decimal? b. What is Lion's reasonable working capital amount as determined under the Bardahl formula? c. What steps must Llon take to justify accumulating earnings that exceed the amount prescribed under the Bardahl formula? Sales $ 3,200,000 Cost of goods sold 1,500,000 Purchases 1,200,000 Operating expenses (other than cost of goods sold) 1,000,000 Included in operating expenses are depreciation of $150,000 and federal income taxes of $100,000 (assume paid at one time rather than in installments) Print Done Print Done Data Table Sales Cost of goods sold Purchases $ 3,200,000 1,500,000 1,200,000 1,000,000 Operating expenses (other than cost of goods sold) Included in operating expenses are depreciation of $150,000 and federal income taxes of $100,000 (assume paid at one time rather than in installments). Print Done Data Table Peak Balance Beginning Balance Ending Balance Account for the Year Accounts receivable $ 400,000 $ 400,000 300,000 $ 240,000 150,000 300,000 Inventory Accounts payable 375,000 200,000 220,000 Print Done