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Robert Corporation has the following data. Assuming a 365-day year, i) What is the firm's operating cycle? [ 8.5 Marks] ii) What is the firm's

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Robert Corporation has the following data. Assuming a 365-day year, i) What is the firm's operating cycle? [ 8.5 Marks] ii) What is the firm's cash conversion cycle? [9 Marks] Show all the steps clearly. Annual sales = $1,216,666 Annual cost of goods sold = $1,013,889 Inventories = $250,000 Accounts receivable = $300,000 Accounts payable = $150,000

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