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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $11,382 $12,180 Accounts receivable 6,651 7,181 Accounts payable 6,952 7,293 Net
Consider the following financial statement information for the Amaryliss Corporation: |
Item | Beginning | Ending | |
Inventory | $11,382 | $12,180 | |
Accounts receivable | 6,651 | 7,181 | |
Accounts payable | 6,952 | 7,293 | |
Net sales | $140,303 | ||
Cost of goods sold | 88,113 | ||
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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