DEF had the following current assets and liabilities for 2016, with sales of $1,500,000 and cost of goods sold were 60% of sales. Given the following data calculate DEF's Operating cycle and cash conversion cycle. ASSETS LIABILITIES & OWNER'S EQUITY Cash $75,000 Accounts Payable $350,000 Accounts Receivable $375,000 Loan $125,000 Inventory $400,000 Accruals $250,000 Total Current Assets $850,000 Owner's Equity $125,000 Total Current Liab. & Owner's Equity $850,000

Given the following data calculate DEF's operating cycle and cash conversion cycle.

The 2021 income statement of Adrian Express reports sales of $14,097,000, cost of goods sold of $8,154,000, and net income of $1,540,000. Balance sheet information is provided in the following table.  ADRIAN EXPRESSBalance SheetsDecember 31, 2021 and 2020       2021   2020   Assets                 Current assets:                 Cash $ 540,000     $ 700,000     Accounts receivable   1,280,000       940,000     Inventory   1,680,000       1,340,000     Long-term assets   4,740,000       4,180,000     Total assets $ 8,240,000     $ 7,160,000     Liabilities and Stockholders' Equity                 Current liabilities $ 1,960,000     $ 1,600,000     Long-term liabilities   2,240,000       2,340,000     Common stock   1,880,000       1,880,000     Retained earnings   2,160,000       1,340,000     Total liabilities and stockholders' equity $ 8,240,000     $ 7,160,000       Industry averages for the following four risk ratios are as follows:…

ATC's common-size income statement for 2020 would report cost of goods sold as:  a) Up by 5.3%  b) 139.5%  c) 65.9%  d) 30,000 million