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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $11,282 $12,080 Accounts receivable 6,551 7,081 Accounts payable 6,852 7,193 Net
Consider the following financial statement information for the Amaryliss Corporation:
Item | Beginning | Ending | |
Inventory | $11,282 | $12,080 | |
Accounts receivable | 6,551 | 7,081 | |
Accounts payable | 6,852 | 7,193 | |
Net sales | $140,203 | ||
Cost of goods sold | 88,013 | ||
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 | days |
Cash cycle | days |
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