Question 18.S-TP.1: The Operating and Cash Cycles Consider the following financi...
The Operating and Cash Cycles Consider the following financial statement information for the Route 66 Company:
Item | Beginning | Ending | |
Inventory | $1,273 | $1,401 | |
Accounts receivable | 3,782 | 3,368 | |
Accounts payable | 1,795 | 2,025 | |
Net sales | $14,750 | ||
Cost of goods sold | 11,375 |
Calculate the operating and cash cycles.
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