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Consider the following financial statement information for the Mediate Corporation: Item Inventory Beginning $ 8,413 Ending $ 9,507 Accounts 5,108 5,772 receivable Accounts payable

  

Consider the following financial statement information for the Mediate Corporation: Item Inventory Beginning $ 8,413 Ending $ 9,507 Accounts 5,108 5,772 receivable Accounts payable 6,927 7,828 Credit sales $76,063 Cost of goods 52,827 sold Required: (a)Calculate the operating cycles. (Do not round your intermediate calculations.) (Click to select) (b)Calculate the cash cycle. (Do not round your intermediate calculations.) (Click to select)

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