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The Red Company has the following current assets and liabilities for these two years: The Red Company 2018 2019 Cash and Marketable Securities $ 40,000

The Red Company has the following current assets and liabilities for these two years:

The Red Company

2018

2019

Cash and Marketable Securities

$ 40,000

$40,000

Accounts Receivable

310,000

360,000

Inventories

350,000

500,000

Total Current Assets

$700,000

$900,000

Accounts Payable

$200,000

$250,000

Bank Loan

0

150,000

Accruals

150,000

200,000

Total Current Liabilities

$350,000

$600,000

If sales in 2018 were $1.3 million, sales in 2019 were $1.4 million, and cost of goods sold was 70 percent of sales, how long were The Red Company's operating cycles and cash conversion cycles in each of these years?

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