Problem 16 6 Calculating Cycles LO 1 Consider the following financial statement information for the Amaryliss Corporation Item Beginning Ending Inventory $10,582 $11,380 Accounts receivable 5,851 6,381 Accounts payable 6,152 6,493 Net sales $139,503 Cost of goods sold 87,313 Assume all sales are on credit Calculate the operating and cash cycles (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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Question: Problem 16-6 Calculating Cycles [LO 1] Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,582 $11,380 Accounts receivable 5,851

Problem 16-6 Calculating Cycles [LO 1]

Consider the following financial statement information for the Amaryliss Corporation:

Item	Beginning		Ending
Inventory	$10,582		$11,380
Accounts receivable	5,851		6,381
Accounts payable	6,152		6,493
Net sales		$139,503
Cost of goods sold		87,313

Assume all sales are on credit. Calculate the operating and cash cycles. (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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