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 |
| | |
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