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Consider the following financial statement information for the Amaryllis 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 Amaryllis 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 goods sold | 86,313 | ||
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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