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Consider the following financial statement information for the Mediate Corporation: Item Beginning Ending Inventory $ 7,151 $ 8,665 Accounts receivable 4,342 5,261 Accounts payable 5,888
Consider the following financial statement information for the Mediate Corporation: |
Item | Beginning | Ending | |
Inventory | $ 7,151 | $ 8,665 | |
Accounts receivable | 4,342 | 5,261 | |
Accounts payable | 5,888 | 7,135 | |
Credit sales | $ 69,331 | ||
Cost of goods sold | 44,903 | ||
Required: |
(a) | Calculate the operating cycles. (Do not round your intermediate calculations.) |
(Click to select) 93.14days 36.63days 39.00days 85.98days 89.56days |
(b) | Calculate the cash cycle. (Do not round your intermediate calculations.) |
(Click to select) 35.17days 91.93days 89.56days 124.08days 36.63days |
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