Question
Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory $9,982 $10,780 Accounts receivable 5,251 5,781 Accounts payable 5,552 5,893 Net
Consider the following financial statement information for the Sourstone Corporation:
Item Beginning Ending
Inventory $9,982 $10,780
Accounts receivable 5,251 5,781
Accounts payable 5,552 5,893
Net sales $138,903
Cost of goods sold 86,713
Assume all sales are on credit. Calculate the operating and cash cycles.
Operating Cycle
Cash Cycle
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
