FINC 101a Chapter 18-Short term finance and planning Exercise 1 Consider the following financial statement ioformation for the Glory Road Company: Ending $1,669 3,952 2,673 Item Beginning $1,543 4,418 Inventory Accounts Receivable Accounts Payable 2,551 $11,500 8,200 Net Sales Cost of Goods Sold Required: Calculate the operating and cash cycles