1. Month Sales $ Month Sales $ Jan 19,215 July 33,620 Feb 11,663 Aug 45,138 Mar 45,138 Sep 19,215 Apr 33,620 Oct 45,138 May 19,215 Nov 11,663 June 11,663 Dec 33,620 Sales are collected as follows: In the month of Sales: 44% In the next month: 34% After 2 months: 8% After 3 months: remainder is collected Calculate the cash collection for December.
2. ABC Corporation currently has an inventory turnover of 19.73, a payables turnover of 8.84, and a receivables turnover of 9.12. How many days are in the operating cycle?