Problem: The Operating and Cash cycles: Consider the following financial statement information for the Glory Road company:
|
Item
|
Beginning
|
Ending
|
|
Inventory
|
$1,543
|
$1,669
|
|
Accounts receivable
|
4,418
|
3,952
|
|
Accounts payable
|
2,551
|
2,673
|
Net sales $11,500 Cost of goods sold $8,200
Calculate the operating and cash cycles: