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Consider the following financial statement information for the Schwertzec Corporation: Item Beginning Ending Inventory $ 11,000 $ 12,000 Accounts receivable 6,000 6,300 Accounts payable 8,200
Consider the following financial statement information for the Schwertzec Corporation:
Item Beginning Ending Inventory $ 11,000 $ 12,000 Accounts receivable 6,000 6,300 Accounts payable 8,200 8,600 Credit sales $ 90,000 Cost of goods sold 70,000
Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))
Operating cycle days Cash cycle days
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