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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $11,082 $11,880 Accounts receivable 6,351 6,881 Accounts payable 6,652 6,993 Net
Consider the following financial statement information for the Amaryliss Corporation: |
Item | Beginning | Ending | |
Inventory | $11,082 | $11,880 | |
Accounts receivable | 6,351 | 6,881 | |
Accounts payable | 6,652 | 6,993 | |
Net sales | $140,003 | ||
Cost of goods sold | 87,813 | ||
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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