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Calculating Cycles. Consider the following financial statement information for the Chimp Computers Corporations Item Beginning Ending Inventory 780 950 Accounts receivable 650 770 Accounts payable
Calculating Cycles. Consider the following financial statement information for the Chimp Computers Corporations
Item | Beginning | Ending | |
Inventory | 780 | 950 | |
Accounts receivable | 650 | 770 | |
Accounts payable | 750 | 910 | |
Net Sales | 6,000 | ||
Cost of goods sold | 2,500 |
Calculate Operating Cycle in days
Calculate Cash cycle in days rounding to second decimal
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