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 12,793 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

12,793

Accounts Receivable

6,415

7,309

Accounts Payable

8,865

10,159

Net Sales

99,120

Cost of Goods Sold

61,423

What is Flips Cash Cycle?

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