Question: A company has the information about the following accounting numbers: Cost of Goods Sold = $8,200, Accounts Receivable = $4,185, Inventory = $1,606, Credit Sales

A company has the information about the following accounting numbers: Cost of Goods Sold = $8,200, Accounts Receivable = $4,185, Inventory = $1,606, Credit Sales = $11,500, and Accounts Payable = $2,612. What is the operating cycle?

	a.	249 days
	b.	188 days
	c.	321 days
	d.	204 days

2 points

QUESTION 2

Following Question 1, what is the cash cycle?

	a.	88 days
	b.	178 days
	c.	55 days
	d.	117 days

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