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Consider the following financial statement information for the Sourstone Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $10,582 5,851
Consider the following financial statement information for the Sourstone Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $10,582 5,851 6,152 Ending $11,380 6,381 6,493 $139,503 87,313 Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Operating cycle Cash cycle days days
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