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Consider the following financial statement information for the Zamboni Icers Corporation: Item: Beginning: Ending: Inventory. $11,800. $12,800 Accounts Rec. $6,800. $7,100 Accounts Pay. $9,000. $9,400

Consider the following financial statement information for the Zamboni Icers Corporation:

Item: Beginning: Ending:

Inventory. $11,800. $12,800 Accounts Rec. $6,800. $7,100 Accounts Pay. $9,000. $9,400 Net Sales. $98,000 Cost of goods sold. $78,000

All sales are on credit.

Calculate the operating and cash cycles.

Operating cycle. ?days Cash cycle. ?days

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