To calculate the length of different cycles, we can use the following formulas:Operating Cycle:Operating Cycle $=$ Days Inventory Outstanding $($DIO$)+$ Days Sales Outstanding $($DSO$)$Days Inventory Outstanding $($DIO$)=($Average Inventory $/$ Cost of Sales$)*365$Days Sales Outstanding $($DSO$)=($Average Accounts Receivable $/$ Credit Sales$)*365$Cash Conversion Cycle $($CCC$)$:Cash Conversion Cycle $=$ Operating Cycle $-$ Days Payable Outstanding $($DPO$)$Days Payable Outstanding $($DPO$)=($Average Accounts Payable $/$ Cost of Sales$)*365$Let's calculate each component:Calculate DIO:DIO $=(184,000/700,000)*36594$ daysCalculate DSO:DSO $=(124,500/1,000,000)*36545$ daysCalculate Operating Cycle:Operating Cycle $=$ DIO $+$ DSO $94+45139$ daysCalculate DPO:DPO $=(184,000/700,000)*36596$ daysCalculate Cash Conversion Cycle $($CCC$)$:CCC $=$ Operating Cycle $-$ DPO $139-9643$ daysSo, the Operating Cycle is approximately $139$ days, and the Cash Conversion Cycle is approximately $43$ days.