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27. Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory $ 10,800 $ 11,800 Accounts receivable 5,800 6,100 Accounts payable
27.
Consider the following financial statement information for the Rivers Corporation:
Item | Beginning | Ending | |||||||
Inventory | $ | 10,800 | $ | 11,800 | |||||
Accounts receivable | 5,800 | 6,100 | |||||||
Accounts payable | 8,000 | 8,400 | |||||||
Net sales | $ | 88,000 | |||||||
Cost of goods sold | 68,000 |
Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
Operating cycle | days |
Cash cycle | days |
28. If a bond provides a real rate of return of 2.89 percent at a time when inflation is 3.21 percent, what is the nominal rate of return on the bond?
6.19%6.16%6.10%6.22%6.13%
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