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Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $11900 $12900 Account Receivable $6900 $7200 Accounts Payable $9100 $9500 Net
Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $11900 $12900 Account Receivable $6900 $7200 Accounts Payable $9100 $9500 Net Sales $99000 Cost of Goods Sold $79000 Calculate the operating and cash cycles (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g.32.16)
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