[Section 3.9) Supplementary Problems 3.16 Company X has an operating cycle of 15 months, while the operating cycle of Company Y is 11 months. They each intend to sell a stock investment in 14 months. Would this investment be considered a current asset for Company X? For Company Y? 3.17 3.18 On December 31, 19X1, Company Z purchases a large quantity of supplies for $9,000 which it expects to use evenly over the next 3 years. How much of these supplies are considered current? How would the remainder be classified? During 19X1, Compo