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Consider the following financial statement information for the Zamboni Icers Corporation Item Inventory Accounts receivable Accounts payable Beginning $11,000 6,000 8,200 $12,000 6,300 8,600 Net
Consider the following financial statement information for the Zamboni Icers Corporation Item Inventory Accounts receivable Accounts payable Beginning $11,000 6,000 8,200 $12,000 6,300 8,600 Net sales Cost of goods sold $90,000 70,000 All sales are on credit. Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 places decimal places, e.g., 32.16.) Operating cycle Cash cycle
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