Question: Given the following financial statement information,

Calculate the Operating Cycle.

Calculate the Cash Cycle.

Item Beginning Ending

Inventory $8,732 $9,418

Accounts Receivable 3,721 4,162

Accounts Payable 4,384 4,791

Net Sales $138,503

Cost of Goods Sold 86,313

For computing turnover ratios, use average balances and a 365-day year.