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Calculate the operating cycle and cash cycles

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Reference no: EM132577963

Consider the following financial statement information for the Zamboni Icers Corporation:

begining Inventory$11,900     ending inventory $12,900 

begining Accounts receivable 6,900      ending Account receivable 7,200 

begining Accounts payable 9,100      ending account payable 9,500 

Net sales   $99,000    

Cost of goods sold    79,000  

Calculate the operating Cycle and cash cycles.

(Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Reference no: EM132577963

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