1. If your firm’s days’ sales outstanding is 47.3 days and the days’ sales in inventory is 39.6 days, how long is the firm’s operating cycle? (Round answer to 1 decimal places, e.g. 15.2.)

Operating cycle          days.

2. If Chalet Corp. has an operating cycle of 93.4 days and days’ payables outstanding of 48.2 days, what is the firm’s cash conversion cycle? (Round answer to 1 decimal places, e.g. 15.2.)

Cash conversion cycle                 days.