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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Consider the following financial statement information for the Carlboo Corporation:
Beginning
Ending
$11,800
5.800
6,100
8,400
Inventory
Accounts receivable
Accounts payable
Credit sales
Cost of goods sold
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.)
Operating cycle
Cash cycle
days
days
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