Consider the following financial statement information for the Mediate Corporation: |
Item | Beginning | Ending | |
Inventory | $ 4,880 | $ 6,310 | |
Accounts receivable | 2,963 | 3,831 | |
Accounts payable | 4,018 | 5,195 | |
Credit sales | $ 50,484 | ||
Cost of goods sold | 30,640 | ||
Required: |
(a) | Calculate the operating cycles. (Do not round your intermediate calculations.) |
(Click to select)94.86days91.21days36.34days87.56days42.09days |
(b) | Calculate the cash cycle. (Do not round your intermediate calculations.) |
(Click to select)91.21days36.34days96.97days34.88days125.35days |
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