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Liberia Company computed the following data for 2021. DayssalesinreceivablesAccountsreceivableturnoverAccountsreceivableturnoverindaysDayssalesininventoryMerchandiseinventoryturnoverInventoryturnoverindays38.7days9.6times35.1days68.5days5.9times58.7days Required: a. Explain what the operating cycle is and how to calculate it. b. Calculate Liberia

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Liberia Company computed the following data for 2021. DayssalesinreceivablesAccountsreceivableturnoverAccountsreceivableturnoverindaysDayssalesininventoryMerchandiseinventoryturnoverInventoryturnoverindays38.7days9.6times35.1days68.5days5.9times58.7days Required: a. Explain what the operating cycle is and how to calculate it. b. Calculate Liberia Company's operating cycle

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