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The normal credit terms Jonas Company gives are Net 45.Thenormal terms it is given by its suppliers is Net 30.Its goal is tomantain 40 days of delivery on hand.The following information is given by Jonas Company (seeattached photo) at the most recent quarter end.The balance sheetaccounts have been relatively unchanged over the past threemonths:Inventory $250,650Accounts Receivable. $525,000Accounts payable. $136,250Sales (for the quarter) $980,000Cost of Goods Sold (for the quarter) $528,000Part 1.Calculate the following cycles (in days to two decimalplaces)A.Accounts payable periodB.Accounts recieveable periodC.Cash cycleD.Inventory periodE.Operating cycle2.Comment on whether Jonas Company is managing their workingcapital well.What might they do to improve their working capitalmanagement?