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Consider the following financial statement information for the Rivers Corporation Consider the following financial statement information for the Rivers Corporation: Item Beginning Inventory $ 10,900
Consider the following financial statement information for the Rivers Corporation
Consider the following financial statement information for the Rivers Corporation: Item Beginning Inventory $ 10,900 Accounts receivable 5,900 Accounts payable 8,100 Net sales Cost of goods sold Ending $ 11,900 6,200 8,500 $89,000 69,000 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 Cash cycle days daysStep by Step Solution
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