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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,682 $11,480 Accounts receivable 5,951 6,481 Accounts payable 6,252 6,593 Net
Consider the following financial statement information for the Amaryliss Corporation:
| Item | Beginning | Ending | |
| Inventory | $10,682 | $11,480 | |
| Accounts receivable | 5,951 | 6,481 | |
| Accounts payable | 6,252 | 6,593 | |
| Net sales | $139,603 | ||
| Cost of goods sold | 87,413 | ||
Assume all sales are on credit. Calculate the operating and cash cycles.
Operating cycle days? Cash cycle days?
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Contemporary Issues In Behavioral Finance
Authors: Simon Grima
1st Edition
1787698823, 978-1787698826
