Consider the following financial statement information for the Zamboni Icers Corporation: Item Inventory Accounts receivable...
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Accounting
Consider the following financial statement information for the Zamboni Icers Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $11,300 6,300 8,500 Ending $12,300 6,600 8,900 $93,000 73,000 All sales are on credit. Calculate the operating 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.) Operating cycle Cash cycle days days
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