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Calculating Cycles Consider the following financial statement information for the Sourstone Corporation: Beginning $7.203 3,069 Ending $9,041 3.995 Item Inventory Accounts receivable Accounts payable Net
Calculating Cycles Consider the following financial statement information for the Sourstone Corporation: Beginning $7.203 3,069 Ending $9,041 3.995 Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold 3.617 4,599 $95.982 59.814 Assume all sales are on credit. Calculate the operating and cash cycles. How do you interpret your
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