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PLEASE SHOW FORMULAS AND USE THE ATTACHED TEMPLATE. 1. Argo's fourth quarter's 2020 financials...

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PLEASE SHOW FORMULAS AND USE THE ATTACHED TEMPLATE.

1. Argo's fourth quarter's 2020 financials are being prepared and the CFO wants you to use them to calculate days receivable, days inventory, operating cycle, days payable, and cash cycle for each of the three months of 4Q20. The financials are below: 4020 Income Statement (in M$) Sales Cost of Goods Sold Oct 367 210 Nov 390 211 Dec 420 215 Sales, General, and Admin. Interest Expense 44 13 48 12 50 12 Taxes 20 22 29 4020 Balance Sheet (in M$) Cash Receivables Inventory Oct 311 264 44 Nov 312 270 47 Dec 345 300 49 PP&E 788 801 802 144 133 134 Payables Notes Payable Accruals LTD 40 55 44 55 48 55 LTD Equity 400 768 400 798 400 859

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