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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 $10,700 5,700
Consider the following financial statement information for the Carlboo Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,700 5,700 7,900 Ending $11,700 6,000 8,300 $87,000 67,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Operating cycle 114.70 x days Cash cycle 56.18 x days
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