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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $11,482 $12,280 Accounts receivable 6,751 7,281 Accounts payable 7,052 7,393 Net
Consider the following financial statement information for the Amaryliss Corporation:
Item | Beginning | Ending | |
Inventory | $11,482 | $12,280 | |
Accounts receivable | 6,751 | 7,281 | |
Accounts payable | 7,052 | 7,393 | |
Net sales | $140,403 | ||
Cost of goods sold | 88,213 | ||
Assume all sales are on credit. Calculate the operating and cash cycles.
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