Homework answers / 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?