Intro

You have the following balance sheet and income statement information for Epic Corp.:

Line item	Amount
Accounts receivable (A/R)	$1,920
Inventory	$5,280
Accounts payable (A/P)	$1,140
Sales	$8,800
Cost of goods sold	$7,040

All sales and purchases were on credit.

Attempt 1/10 for 8.5 pts.

Part 1

What is the firm's days' sales in inventory (in days)?

Submit

Attempt 1/10 for 8.5 pts.

Part 2

What is its average collection period (in days)?

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Attempt 1/10 for 8.5 pts.

Part 3

What is its average payment period (in days)?

Submit

Attempt 1/10 for 8.5 pts.

Part 4

How long is the operating cycle (in days)?

Submit

Attempt 1/10 for 8.5 pts.

Part 5

How long is the cash cycle (in days)?

Submit