Question

Consider the following financial statement data for Flip Sound Systems: Flip Sound System Financial Statement Data...

Consider the following financial statement data for Flip Sound Systems:

Flip Sound System Financial Statement Data

Item

Beginning Balance

Ending Balance

Inventory

10575

12537

Accounts Receivable

6550

7010

Accounts Payable

8005

10252

Net Sales

99556

Cost of Goods Sold

59048

What is Flip’s Operating Cycle? (Round answers to 1 de

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