Consider the following financial statement information for the Amaryllis Corporation: Item Beginning Ending Inventory $8,732 $9,418 ...
| Consider the following financial statement information for the Amaryllis Corporation: |
| Item | Beginning | Ending | |
| Inventory | $8,732 | $9,418 | |
| Accounts receivable | 3,721 | 4,162 | |
| Accounts payable | 4,384 | 4,791 | |
| Net sales | $138,503 | ||
| Cost of goods sold | 86,313 | ||
| Required: |
|
Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Operating cycle | days |
| Cash cycle | days |
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