Question: Consider the following financial statement data for Flip Sound Systems: Flip Sound System Financial Statement Data Item Beginning Balance Ending Balance Inventory 10,535 12,022 Accounts

Consider the following financial statement data for Flip Sound Systems:

Flip Sound System Financial Statement Data

Item

Beginning Balance

Ending Balance

Inventory

10,535

12,022

Accounts Receivable

6,658

7,601

Accounts Payable

8,148

10,814

Net Sales

98,125

Cost of Goods Sold

61,241

What is Flips Operating Cycle?

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