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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,782 $11,580 Accounts receivable 6,051 6,581 Accounts payable 6,352 6,693 Net
Consider the following financial statement information for the Amaryliss Corporation: |
Item | Beginning | Ending | |
Inventory | $10,782 | $11,580 | |
Accounts receivable | 6,051 | 6,581 | |
Accounts payable | 6,352 | 6,693 | |
Net sales | $139,703 | ||
Cost of goods sold | 87,513 | ||
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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