Consider the following financial statement information for the Carlboo Corporation: Ending $11,800 Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,800 5,800 8,000 Operating cycle Cash cycle $88,000 68,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round Intermediate calculations. Round the final answers to 2 decimal places.) 6,100 8,400 days days

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.