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Consider the following financial statement data for Flip Sound Systems: Flip Sound System Financial Statement Data Item Beginning Balance Ending Balance Inventory 10,671 12,253 Accounts
Consider the following financial statement data for Flip Sound Systems:
Flip Sound System Financial Statement Data | ||
Item | Beginning Balance | Ending Balance |
Inventory | 10,671 | 12,253 |
Accounts Receivable | 6,044 | 7,452 |
Accounts Payable | 8,144 | 10,936 |
Net Sales | 99,919 | |
Cost of Goods Sold | 62,420 |
What is Flips Operating Cycle? (Round answers to 1 decimal place. Do not round intermediate calculations)
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