Question

Consider the following financial statement information for the Mediate Corporation:      Item Beginning Ending   Inventory $...

Consider the following financial statement information for the Mediate Corporation:

  

  Item Beginning Ending
  Inventory $ 11,778         $ 13,881         
  Accounts receivable 7,151         8,428         
  Accounts payable 9,698         11,430         
    Credit sales $ 111,065    
    Cost of goods sold 73,958    

  

Required:
(a) Calculate the operating cycles. (Do not round your intermediate calculations.)

(Click to select)88.92days85.36days37.72days36.78days92.47days
(b) Calculate the cash cycle. (Do not round your intermediate calculations.)

(Click to select)35.31days123.61days89.85days88.92days36.78days
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