question archive Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory $7,203 $9,041 Accounts receivable 3,069 3,995 Accounts payable 3,617 4,599 Net sales $95,982 Cost of goods sold 59,814 Assume all sales are on credit
Consider the following financial statement information for the Sourstone Corporation: Item Beginning Ending Inventory $7,203 $9,041 Accounts receivable 3,069 3,995 Accounts payable 3,617 4,599 Net sales $95,982 Cost of goods sold 59,814 Assume all sales are on credit
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Consider the following financial statement information for the Sourstone Corporation:
Item Beginning Ending
Inventory $7,203 $9,041
Accounts receivable 3,069 3,995
Accounts payable 3,617 4,599
Net sales $95,982
Cost of goods sold 59,814
Assume all sales are on credit. Calculate the operating and cash cycles. How do you interpret your answer?
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