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Company Dolphin has the following information from its financial statements: Begining inventory is $8500, ending inventory is $12045; Begining AR is $6220, Ending AR is
Company Dolphin has the following information from its financial statements:
Begining inventory is $8500, ending inventory is $12045;
Begining AR is $6220, Ending AR is $7105;
Begining AP is $7998, ending AP is $10110;
Net sales is $103221,
COGS is $61000;
(i)How long is the cash cycle?
(ii)if the industry average Inventory period is 45 days, receivable period is 60 days, accounts payable period is 70 days.Provide comment if Dolphin can / should do something.
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