Use the following information to calculate the operating cycle and the cash conversion cycle for each year. Have the operating and cash conversion cycles improved or deteriorated? Explain your answer. What action could you take to improve the operating cycle? Why would you not change your accounts payable to shorten the cash cycle?

Item	2019 Ending Balance		2020 Ending Balance
Inventory	$17,788		$21,412
Accounts Receivable	12,524		13,333
Accounts Payable	12,992		13,103
Net Sales	142,608		$148,108
Cost of Goods Sold	107,336		110,975