A look at the Balance sheet and Income Statement of Steeple, Inc. in 2010 yields the following information (in thousands):
Item Beginning Balance Ending Balance Accounts Receivable $4,155 a. $4,650 Accounts Payable $5,200 b. $5,750 Inventory $2,150 3,150 Credit Sales $57,450 COGS 45,100 c.
1) the operating cycle of Steeple, Inc.
2) the cash conversion cycle of Steeple, Inc.