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Consider the following financial statement information for the Carlboo Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,000 5,000
Consider the following financial statement information for the Carlboo Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,000 5,000 7,200 Ending $11,000 5, 300 7,600 $80,000 60,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) days Operating cycle Cash cycle days
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