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Taimi's balance sheet and income statement are reported below. Using the information in the two tables, answer the following questions. Balance Sheet Assets Liabilities &
Taimi's balance sheet and income statement are reported below. Using the information in the two tables, answer the following questions. Balance Sheet Assets Liabilities & Shareholders' Equity Cash $150 Accounts Payable $210 Accounts $260 Other Current Liabilities $200 Receivable Inventories $190 Fixed Assets $400 Long-term Liabilities $80 Shareholders' Equity $510 Total Assets $1,000 Total Liabilities and Equity $1,000 Income Statement Net Sales Cost of sales General & Admin. Expenses EBIT $1,700 $1,150 $350 $200 Net Income $130 a) What is Taimi's length of operating cycle in days? [5 points) b) What is Taimi's length of cash conversion cycle in days? [5 points]
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