Question: For question 2 below does someone know how to do this problem? Will rate a thumb up for good response thanks so much! 1. Consider
For question 2 below does someone know how to do this problem?
Will rate a thumb up for good response thanks so much!


1. Consider the 2020 financial statements for BVC Corp. provided on the second tab. a. Rounding to the nearest whole number of days, what was the company's operating cycle in 2020? days b. Rounding to the nearest whole number of days, what was the company's cash cycle in 2020? days 2. BVC Corp.'s forecast sales and inventory purchases for the first three months of 2021 are given below. Based upon this and your analysis in problem 1, complete the accounts re- ceivable and accounts payable forecasts. Assume each month has thirty (30) days. Forecast Forecast January Forecast March April Sales forecast Purchases forecast 360 240 330 210 320 240 Accounts receivable Beginning balance* Sales Collections prior month Collections current month Sub-total collections Ending balance Accounts payable Beginning balance* Purchases Payments prior month Payments current month Sub-total payments Ending balance From the 12/31/2020 balance sheet BVC Co. Balance Sheet As of 12/31/20 BVC Co. Income Statement For the year ended 12/31/20 Cash Accounts receivable Inventory Current assets Accounts payable Revolving credit facility Current liabilities Working capital Net fixed assets Total assets 100 165 123 388 123 75 198 190 800 990 Sales Cost of goods sold Gross profit Operating expense Depreciation Total op exps EBIT Interest NIBT Income tax NIAT 4,000 3,000 1,000 700 100 800 200 50 150 50 100 400 Debt Equity Total capital 600 1,000
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