Question: Looking for Operating Cycle and Cash cycle for this... in Days Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory

Looking for Operating Cycle and Cash cycle for this... in Days

Consider the following financial statement information for the Rivers Corporation:

Item Beginning Ending
Inventory $ 10,100 $ 11,100
Accounts receivable 5,100 5,400
Accounts payable 7,300 7,700
Net sales $ 81,000
Cost of goods sold 61,000

Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Operating cycle days
Cash cycle days

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!