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Use the information below to answer Questions 2 and 3. Consider that a year has 360 days. Sales the previous year for the company above

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Use the information below to answer Questions 2 and 3. Consider that a year has 360 days. Sales the previous year for the company above was $85,000,000 and the cost of goods sold was $49,500,000. The beginning inventory for this year was $1,300,000. What is the cash to cash cycle based on this information (round to the nearest 1/100th)? (Should be able to get to the right place even given the variants issue from last Module. However, use 360 days, use ending inventory in the inventory turnover calc, and use cost of goods sold in AP days.) a) 43.34 b) 125.67 c) 84.50 d) 60.50 e) 43.13

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