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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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