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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $11,182 $11,980 Accounts receivable 6,451 6,981 Accounts payable 6,752 7,093 Net
Consider the following financial statement information for the Amaryliss Corporation: |
Item | Beginning | Ending | |
Inventory | $11,182 | $11,980 | |
Accounts receivable | 6,451 | 6,981 | |
Accounts payable | 6,752 | 7,093 | |
Net sales | $140,103 | ||
Cost of goods sold | 87,913 | ||
Required: |
Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
Operating cycle | days |
Cash cycle | days |
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