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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Consider the following financial statement information for the Bulldog Icers Corporation:
| Item | Beginning | Ending | |||||||
| Inventory | $ | 11,400 | $ | 12,400 | |||||
| Accounts receivable | 6,400 | 6,700 | |||||||
| Accounts payable | 8,600 | 9,000 | |||||||
| Net sales | $ | 94,000 | |||||||
| Cost of goods sold | 74,000 | ||||||||
|
Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)) |
| Operating cycle | days |
| Cash cycle | days |
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