Question: Consider the following financial statement data for Flip Sound Systems: Flip Sound Systems Financial Statement Data Item Beginning Balance Ending Balance Inventory 10,404 12,975 Accounts

Consider the following financial statement data for Flip Sound Systems:

Flip Sound Systems Financial Statement Data

Item

Beginning Balance

Ending Balance

Inventory

10,404

12,975

Accounts Receivable

6,206

7,198

Accounts Payable

8,250

10,434

Net Sales

99,019

Cost of Goods Sold

61,280

What is Flips Cash Cycle?

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