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Consider the following financial statement information for the Mediate Corporation: Item Beginning Ending Inventory $ 10,096 $ 12,451 Accounts receivable 6,130 7,560 Accounts payable 8,312
Consider the following financial statement information for the Mediate Corporation: |
Item | Beginning | Ending | |
Inventory | $ 10,096 | $ 12,451 | |
Accounts receivable | 6,130 | 7,560 | |
Accounts payable | 8,312 | 10,252 | |
Credit sales | $ 99,622 | ||
Cost of goods sold | 63,392 | ||
Required: |
(a) | Calculate the operating cycles. (Do not round your intermediate calculations.) |
(Click to select) 36.55days 93.59days 89.99days 86.39days 39.83days |
(b) | Calculate the cash cycle. (Do not round your intermediate calculations.) |
(Click to select) 93.28days 124.40days 36.55days 35.08days 89.99days |
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