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Calculating Cycles Consider the following financial statement information for the Sourstone Corporation: table [ [ Item , Beginning,,Ending ] , [ Inventory , $

Calculating Cycles Consider the following financial statement information for the Sourstone Corporation:
\table[[Item,Beginning,,Ending],[Inventory,$7,203,,$9,041],[Accounts receivable,3,069,,3,995],[Accounts payable,3,617,,4,599],[Net sales,,$95,982,],[Cost of goods sold,,59,814,]]
Assume all sales are on credit. Calculate the operating and cash cycles. How do you interpret your answer?
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