Question
Consider the following financial statement data for Flip Sound Systems: Flip Sound Systems Financial Statement Data Item Beginning Balance Ending Balance Inventory 10,183 12,536 Accounts
Consider the following financial statement data for Flip Sound Systems:
| Flip Sound Systems Financial Statement Data | ||
| Item | Beginning Balance | Ending Balance |
| Inventory | 10,183 | 12,536 |
| Accounts Receivable | 6,688 | 7,157 |
| Accounts Payable | 8,240 | 10,789 |
| Net Sales | 99,499 | |
| Cost of Goods Sold | 62,492 | |
What is Flips Cash Cycle? (Round answers to 1 decimal place)
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
