Use the following information to answer Questions $7-10.$

ABC, Inc. has credit sales of $$828,000,$ average accounts receivable of $$64,100$ and average

accounts payable of $$72,700.$ The inventory book value is $$75,000.$ The cost of goods sold is

equivalent to $68$ percent of sales.

$(2$ points$)$ How long does it take for ABC, Inc. to pay its suppliers $($Payables Period$)?$ Round to

the nearest $0\mathrm{.}01.$

$(2$ points$)$ Compute the firm's operating cycle. Round to the nearest $0\mathrm{.}01.$

$(2$ points$)$ Compute the firm's cash cycle. Round to the nearest $0\mathrm{.}01.$

$(2$ points$)$ What are some things the firm can do to speed up $($shorten$)$ its cash cycle? Explain

your response in complete sentences.