Question
Consider the following financial statement data for Flip Sound Systems: Flip Sound System Financial Statement Data Item Beginning Balance Ending Balance Inventory 10,100 12,738 Accounts
Consider the following financial statement data for Flip Sound Systems:
| Flip Sound System Financial Statement Data | ||
| Item | Beginning Balance | Ending Balance |
| Inventory | 10,100 | 12,738 |
| Accounts Receivable | 6,390 | 7,531 |
| Accounts Payable | 8,367 | 10,972 |
| Net Sales | 98,046 | |
| Cost of Goods Sold | 61,805 | |
What is Flips Operating Cycle? (Round answers to 1 decimal place)
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
11th Edition
0072834943, 9780072834949
