Question 10

In 2021 Super Mega Storm, Inc. has $9,691,566 in credit sales, $386,431, in Accounts Receivable, $220,867 in Accounts Payable, and $584,289 in Inventories. Cost of Goods Sold that year was $2,417,989. Use 365-days a year.

Using a 365-day year, calculate operating cycle.

Round the answers to two decimals places

Answer:102.75

Question 20

In 2015 Super Mega Storm, Inc. has $3,485,354 in credit sales, $352,075, in Accounts Receivable, $219,101 in Accounts Payable, and $649,460 in credit sales in Inventories. Cost of Goods Sold that year was $2,455,678 = 0.6*3,485,354. Use 365-days a year.

Using a 365-day year, calculate cash conversion cycle.

Round the answers to two decimals places

Answer: 100.84