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Consider the following financial statement information for the Carlboo Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,300 5,300
Consider the following financial statement information for the Carlboo Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,300 5,300 7,500 Ending $11,300 5,600 7,900 $83,000 63,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Operating cycle Cash cycle days days
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