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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:
tableItemBeginning,,EndingInventory$$Accounts receivable,Accounts payable,Net sales,,$Cost of goods sold,,
Assume all sales are on credit. Calculate the operating and cash cycles. How do you interpret your answer?
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