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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,182 $10,980 Accounts receivable 5,451 5,981 Accounts payable 5,752 6,093 Net
Consider the following financial statement information for the Amaryliss Corporation:
Item | Beginning | Ending | |
Inventory | $10,182 | $10,980 | |
Accounts receivable | 5,451 | 5,981 | |
Accounts payable | 5,752 | 6,093 | |
Net sales | $139,103 | ||
Cost of goods sold | 86,913 |
Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Operating cycle? | days |
Cash cycle? | days |
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