Consider the following financial statement information for the Schwertzec Corporation:
| Item |
Beginning |
|
|
|
|
Ending |
|
| Inventory |
$ |
10,800 |
|
|
|
|
$ |
11,800 |
|
| Accounts receivable |
|
5,800 |
|
|
|
|
|
6,100 |
|
| Accounts payable |
|
8,000 |
|
|
|
|
|
8,400 |
|
| Credit sales |
|
|
|
$ |
88,000 |
|
|
|
|
| Cost of goods sold |
|
|
|
|
68,000 |
|
|
|
|
|
|
Calculate the operating and cash cycles.
|