Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory $ 10,600 $
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Question:
Consider the following financial statement information for the Rivers Corporation: |
Item | Beginning | Ending | |||||||
Inventory | $ | 10,600 | $ | 11,600 | |||||
Accounts receivable | 5,600 | 5,900 | |||||||
Accounts payable | 7,800 | 8,200 | |||||||
Net sales | $ | 86,000 | |||||||
Cost of goods sold | 66,000 |
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 | days |
Cash cycle | days |
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