Question: Consider the following financial statement data for Flip Sound Systems: Consider the following financial statement data for Flip Sound Systems: Flip Sound Systems Financial Statement

Consider the following financial statement data for Flip Sound Systems:

Consider the following financial statement data for Flip Sound Systems:

Flip Sound Systems Financial Statement Data

Item

Beginning Balance

Ending Balance

Inventory

10,380

12,973

Accounts Receivable

6,189

7,809

Accounts Payable

8,372

10,374

Net Sales

98,597

Cost of Goods Sold

61,728

What is Flips Cash Cycle? (Round answers to 1 decimal place. Do not round intermediate calculations)

What is Flips Operating Cycle? (Round answers to 1 decimal place. Do not round intermediate calculations)

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