Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory $7,203 $9,041 Accounts
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Consider the following financial statement information for the Sourstone Corporation:
Item Beginning Ending
Inventory $7,203 $9,041
Accounts receivable 3,069 3,995
Accounts payable 3,617 4,599
Net sales $95,982
Cost of goods sold 59,814
Assume all sales are on credit. Calculate the operating and cash cycles.
Operating Cycle ________ days
Cash Cycle ________ days
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
