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A Company shows the following balances on its comparative financial statements. 2021 2020 Inventory $12,000...

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A Company shows the following balances on its comparative financial statements. 2021 2020 Inventory $12,000 $11.000 Accounts Receivable $6,300 $6,000 Accounts Payable $8,600 $8,200 The Company generates Net Sales of $100,000 of which 95% are on credit. Cost of goods sold is $65,000. 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 include the word "days", but just your 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) days. (round to 2 decimals) The firm is financing its inventory for approximately Question 2 2 pts The Mansbridge Group has annual sales of $27 million. The average collection period is 34 days. What is the average investment in accounts receivable as shown on the balance sheet? Assume 365 days per year. (Enter the answer in dollars. Do not round intermediate calculations. Round the final answer to nearest whole dollar amount. Omit $ sign in your response.)

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