Question: P18-6 Calculating Cycles [LO1] Consider the following financial statement information for the Mediate Corporation: Item Beginning Ending Inventory $ 5,637 $ 8,076 Accounts receivable 3,422

P18-6 Calculating Cycles [LO1] Consider the following financial statement information for the Mediate Corporation: Item Beginning Ending Inventory $ 5,637 $ 8,076 Accounts receivable 3,422 4,904 Accounts payable 4,641 6,650 Credit sales $ 64,620 Cost of goods sold 35,394 Required: (a) Calculate the operating cycles. (Do not round your intermediate calculations.) (b) Calculate the cash cycle. (Do not round your intermediate calculations.)

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