question

A Company shows the following balances on its comparative financial statements: 2021 2020 Inventory $12,000 $11,000 Accounts Receivable $6.300 $6,000 Accounts Payable $8,600 $8,200 The Company generates Net Sales of $100,000 of which 95% are on credit. Cost of goods sold is $65.000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places. Do not include the word "days", but just your numerical answer.) Inventory period in days (round to 2 decimals) Receivable period in days (round to 2 decimals) Operating cycle in days (round to 2 decimals) Payables period in days (round to 2 decimals) The firm is financing its inventory for approximately days. (round to 2 decimals)