Question: Manu Enterprises is a textile manufacturing corporation with an average inventory of $6,500, average receivables of $8,300, and average payables of $4,600. The sales on

Manu Enterprises is a textile manufacturing corporation with an average inventory of $6,500, average receivables of $8,300, and average payables of $4,600. The sales on credit and cost of goods sold of Manu Enterprises for the same year were $25,000 and $14,500, respectively .

Calculate for Manu Enterprises the following:

a) Operating Cycle (2.5 points)

b) Cash Cycle (1.5 points)

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