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Consider the following financial statement information for the Amaryliss corporation Problem 16-6 Calculating Cycles (LO 1) Consider the following financial statement information for the Amaryliss
Consider the following financial statement information for the Amaryliss corporation
Problem 16-6 Calculating Cycles (LO 1) Consider the following financial statement information for the Amaryliss Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $10,682 5,951 6,252 Ending $11,480 6,481 6,593 $139,603 87,413 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 Cash cycle days daysStep by Step Solution
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