A Company shows the following balances on its comparative financial statements: 2021 2020 Inventory $13,000...
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A Company shows the following balances on its comparative financial statements: 2021 2020 Inventory $13,000 $12,000 Accounts Receivable $7,300 $7,000 Accounts Payable $9,600 $9,200 The Company generates Net Sales of $100,000 of which 90% are on credit. Cost of goods sold is $60,000. Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places. Do not enter the word "days" but provide just the numerical answer.) Inventory period in days (round to 2 decimals) Receivable period in days (round to 2 decimals) Operating cycle in days (round to 2 decimals) Payables period in days (round to 2 decimals) The firm is financing its inventory for approximately days. (round to 2 decimals)
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