Calculating Cycles Consider the following financial statement information for the Fitzroy Island Ferry Company Item Beginning Ending Inventory 7203 9041 AR 3069 3995 AP 3617 4599 Revenue (Credit) 95982 Cost of sales 59814 Assume all sales are on credit Calculate the operating and cash cycles How do you interpret your answer Please HELP me to solve the problem Using Financial Calculater

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Calculating Cycles. Consider the following financial statement information for the Fitzroy Island Ferry Company: Item Beginning Ending Inventory 7203 9041 AR 3069 3995 AP 3617

Calculating Cycles. Consider the following financial statement information for the Fitzroy Island Ferry Company:

Item	Beginning	Ending
Inventory	7203	9041
AR	3069	3995
AP	3617	4599
Revenue (Credit)	95982
Cost of sales	59814

Assume all sales are on credit. Calculate the operating and cash cycles. How do you interpret your answer?

Please HELP me to solve the problem. Using Financial Calculater

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