Question: Problem 16-6 Calculating Cycles [LO1] Consider the following financial statement information for the Keenan Corporation: Item Beginning Ending Inventory $10,882 $11,680 Accounts receivable 6,151 6,681

Problem 16-6 Calculating Cycles [LO1]

Consider the following financial statement information for the Keenan Corporation:
Item Beginning Ending
Inventory $10,882 $11,680
Accounts receivable 6,151 6,681
Accounts payable 6,452 6,793
Net sales $139,803
Cost of goods sold 87,613
Required:

Assume all sales are on credit. Calculate the operating and cash cycles. (Round your answers to 2 decimal places (e.g., 32.16).)

Operating cycle days
Cash cycle days

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