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Consider the following financial statement information for the Hop Corporation: Beginning $ 16,284 Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold
Consider the following financial statement information for the Hop Corporation: Beginning $ 16,284 Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Ending $ 19,108 13,973 16,676 11,219 13,960 $219,320 168,420 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.) Operating cycle Cash cycle days days
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