Selected financial data for Link, Inc. follows: ($ in thousands)

Assume a 365-day year for your calculations. Determine the operating cycle and the cash collection cycle of Link, Inc. for the year 2012. What would you say about the quality of receivable knowing that the Link gives its customers 30 days credit period.

Sales Cost of goods sold Net income Cash flow from operations 2011 $160,835 $141,829 -$91,432 -$35,831 2012 $274,219 $209,628 -$257.981 -$12,538 Balance Sheet Cash Marketable securities Accounts receivable Inventories Total current assets $236,307 $209,670 $12,645 $3,971 $462,593 $164,952 $22,638 $21,655 $40,556 $249,801 Accounts payable Accrued liabilities Total current liabilities $17,735 $27,184 $44,919 $13,962 $76,596 $90,558