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Consider the following financial statement information for the Mediate Corporation: Item Beginning Ending Inventory $ 12,620 $ 14,723 Accounts receivable 7,662 8,939 Accounts payable 10,391
Consider the following financial statement information for the Mediate Corporation: |
Item | Beginning | Ending | |
Inventory | $ 12,620 | $ 14,723 | |
Accounts receivable | 7,662 | 8,939 | |
Accounts payable | 10,391 | 12,122 | |
Credit sales | $ 117,796 | ||
Cost of goods sold | 79,241 | ||
Required: |
(a) | Calculate the operating cycles. (Do not round your intermediate calculations.) |
(Click to select)37.25days88.69days36.84days85.15days92.24days |
(b) | Calculate the cash cycle. (Do not round your intermediate calculations.) |
(Click to select)88.69days35.37days89.10days123.46days36.84days |
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