Chasteen Hall currently has 61 days in its cash cycle and 143 days in its operating...

Chasteen Hall currently has 61 days in its cash cycle and 143 days in its operating cycle. The firm purchases its inventory from one supplier. This supplier has offered a 5 percent discount to the firm if it will pay for its purchases within 15 days instead of the normal 38 days. If the firm opts to take advantage of the discount offered, its new operating cycle will be _____ days and its new cash cycle will be _____ days.

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jeff jeffy answered 1 year ago

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