Consider the following financial statement information for the Bulldog Icers Corporation: Item Beginning Ending Inventory $ 7,281
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Question:
Consider the following financial statement information for the Bulldog Icers Corporation:
Item | Beginning | Ending |
Inventory | $ 7,281 | $ 9,318 |
Accounts Receivable | $ 4,814 | $ 5,108 |
Accounts payable | $ 6,623 | $ 7,415 |
Net Sales | $ 65,180 | |
Cost of goods sold | $ 51,912 |
Calculate the operating and cash cycles. How do you interpret your answer?
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