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Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,282 $11,080 Accounts receivable 5,551 6,081 Accounts payable 5,852 6,193 Net
Consider the following financial statement information for the Amaryliss Corporation: |
Item | Beginning | Ending | |
Inventory | $10,282 | $11,080 | |
Accounts receivable | 5,551 | 6,081 | |
Accounts payable | 5,852 | 6,193 | |
Net sales | $139,203 | ||
Cost of goods sold | 87,013 | ||
Assume all sales are on credit. Calculate the operating and cash cycles.
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