b ) 86 days c ) 172 days d )
129 days
2 . The following events have been projected :
A . Cash sales and collections from customers totaling $ 980,000
B . Cash payments for operating expenses of $ 560,000
C . Cash payments for income taxes and interest expense of $ 45,000
D . Cash payments of prior period accruals of $ 80,000
E . Borrowed $ 50,000 cash by issuing a note payable