Consider the following financial statement information for the Bulldog Icers Corporation Item Beginning Ending Inventory $ 7,281 $ 9,318 Accounts Receivable $ 4,814 $ 5,108 Accounts payable $ 6,623 $ 7,415 Net Sales $ 65,180 Cost of goods sold $ 51,912 Calculate the operating and cash cycles How do you interpret your answer

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Consider the following financial statement information for the Bulldog Icers Corporation: Item Beginning Ending Inventory $ 7,281 $ 9,318 Accounts Receivable $ 4,814 $ 5,108

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

Item	Beginning	Ending
Inventory	$ 7,281	$ 9,318
Accounts Receivable	$ 4,814	$ 5,108
Accounts payable	$ 6,623	$ 7,415
Net Sales	$ 65,180
Cost of goods sold	$ 51,912

Calculate the operating and cash cycles. How do you interpret your answer?

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