Question
Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory 8,732 9,418 Accounts receivable 3,721 4,162 Accounts payable 4,384 4,791 Net
Consider the following financial statement information for the Amaryliss Corporation:
Item Beginning Ending
Inventory 8,732 9,418
Accounts receivable 3,721 4,162
Accounts payable 4,384 4,791
Net Sales 138,503
Cost of good sold 86,313
Assume all sales are on credit. Calculate the operating and cash cycles. How do you interpret your answer?
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Essentials of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
8th edition
78034752, 978-0078034756
