Financial Statement Information for the Amaryliss Corporation
November 23, 2020
Answer for Financial Statement Information for the Amaryliss Corporation for $2 Only (Instant Download)
Consider the following financial statement information for the Amaryliss Corporation: Item Beginning Ending Inventory $10,082 $10,880 Accounts receivable 5,351 5,881 Accounts payable 5,652 5,993 Net sales $139,003 Cost of goods sold 86,813 Required: Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) 1. Operating cycle days 2. Cash cycle days.
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