please calculate operating cycle and answe the following questions.

Operating Cycle Questions 1) Calculate the Operating Cycle based on the following information: Income Statement Assets: 40,000,000 15,000,000 10,000,000 Sales (50% Credit) Cost of Sales 12,000,000 Cash 6,000,000 Accounts Receivable Selling, General & Admin. Other Expenses/Taxes 4,000,000 Inventories (average) Net fixed asse ts 5,000,000 10,000,000 12,000,000 34,000,000 Net Income Total Assets Liabilities and Equity: 4,000,000 Accounts Payable Sal., Ben., Wage Pay. 5,000,000 9,000,000 Total Liabilities 25,000,000 34,000,000 Stockholder's Equity Liabilities and Equity 2) Calculate the Operating Cycle based on the following information: Income Statement: Assets: Sales (50% Credit) 25,000,000 7,500,000 Cash 12,000,000 Cost of Sales 4,500,000 Accounts Receivable 8,000,000 Selling, General & Admin. 6,000,000 Inventories (average) 1,000,000 4,000,000 8,000,000 26,000,000 Other Expenses/Taxes Net fixed assets Net Income Total Assets Liabilities and Equity: 5,000,000 Accounts Payable 7,000,000 12,000,000 Sal., Ben., Wage Pay. Total Liabilities Stockholder's Equity Liabilities and Equity 14,000,000 26,000,000 Trade Credit Questions 3) What is the effective annual cost of foregoing a discount with the terms 1/10, net 45? 4) What is the effective annual cost of foregoing a discount with the terms 2/15, net 60