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Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory REF: $11,282 $12,080 Accounts receivable 6,551 7,081 Accounts payable 6,852 7,193
Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory REF: $11,282 $12,080 Accounts receivable 6,551 7,081 Accounts payable 6,852 7,193 Net sales 5 $140,203 Cost of goods sold 88,013 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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