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Looking for Operating Cycle and Cash cycle for this... in Days Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory
Looking for Operating Cycle and Cash cycle for this... in Days
Consider the following financial statement information for the Rivers Corporation: |
Item | Beginning | Ending | |||||||
Inventory | $ | 10,100 | $ | 11,100 | |||||
Accounts receivable | 5,100 | 5,400 | |||||||
Accounts payable | 7,300 | 7,700 | |||||||
Net sales | $ | 81,000 | |||||||
Cost of goods sold | 61,000 | ||||||||
|
Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) |
Operating cycle | days |
Cash cycle | days |
|
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