1. Consider the following financial statement information for the Amaryliss Corporation:
|
Item
|
Beginning
|
|
Ending
|
|
Inventory
|
$10,482
|
|
$11,280
|
|
Accounts receivable
|
5,751
|
|
6,281
|
|
Accounts payable
|
6,052
|
|
6,393
|
|
Net sales
|
|
$139,403
|
|
|
Cost of goods sold
|
|
87,213
|
|
Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Operating Cycle Days:
Cash Cycle Days:
2. Sunset, Inc., has a book value of equity of $12,975. Long-term debt is $7,325. Net working capital, other than cash, is $1,865. Fixed assets are $17,600 and current liabilities are $1,595.
How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash $
What is the value of the current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Current assets $