State Street Market currently has 68days in its cash cycle and 115days in its operating...
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Finance
State Street Market currently has 68days in its cash cycle and 115days in its operating cycle. The firm purchases its entire inventory from one supplier. This supplier has offered a 3 percent discount on all purchases if State Street Market will pay in 10 days. If the market opts to take advantage of the discount offered, its new operating cycle will be _____ days and its new cash cycle will be _____ days.
105; 58
105; 95
115; 68
115; 105
113; 95
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