Question: Calculating Cycles. Consider the following financial statement information for the Chimp Computers Corporations Item Beginning Ending Inventory 780 950 Accounts receivable 650 770 Accounts payable

Calculating Cycles. Consider the following financial statement information for the Chimp Computers Corporations

Item

Beginning

Ending

Inventory

780

950

Accounts receivable

650

770

Accounts payable

750

910

Net Sales

6,000

Cost of goods sold

2,500

Calculate Operating Cycle in days

Calculate Cash cycle in days

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