Question
Consider the following financial statement information for the Sourstone Corporation:ItemBeginningEndingInventory$7,203$9,041Accounts receivable3,0693,995Accounts payable3,6174,599Net sales$95,982Cost of goods sold59,814Assume all sales are on credit. Calculate the operating and
Consider the following financial statement information for the Sourstone Corporation:ItemBeginningEndingInventory$7,203$9,041Accounts receivable3,0693,995Accounts payable3,6174,599Net sales$95,982Cost of goods sold59,814Assume all sales are on credit. Calculate the operating and cash cycles.
Operating cycle days?
Cash cycle days?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
