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Problem 12.16 Blackwell Automotive, Inc., reported the following financial information for the last fiscal year. Blackwell Automotive, Inc. Assets Liabilities and Equity Cash and marketable

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Problem 12.16 Blackwell Automotive, Inc., reported the following financial information for the last fiscal year. Blackwell Automotive, Inc. Assets Liabilities and Equity Cash and marketable sec. $ 23,015 Accounts payable and accruals $ 191,000 Accounts Receivable $ 140,000 Notes payable $ 21,115 Inventories $ 160,000 Other current assets $ 11,223 Total current assets $ 334,238 Total current liabilities $ 212,115 Sales and Costs Net sales Cost of goods sold $ 860,000 $ 516,000 Calculate the firm's cash conversion cycle and operating cycle. (Round intermediate calculations and final answers to 1 decimal Blackwell's cash conversion cycle is days and their operating cycle is Click if you would like to Show Work for this question: Qren Show Work days. LINK TO TEXT

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