Question: Consider the following financial statement data for Flip Sound Systems: Flip Sound Systems Financial Statement Data Item Beginning Balance Ending Balance Inventory 10885 12922 Accounts

Consider the following financial statement data for Flip Sound Systems:

Flip Sound Systems Financial Statement Data

Item

Beginning Balance

Ending Balance

Inventory

10885

12922

Accounts Receivable

6512

7938

Accounts Payable

8359

10412

Net Sales

99359

Cost of Goods Sold

58406

What is Flips Cash Cycle?

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