Reference no: EM131520022
1. Consider the following financial statement information for the Amaryliss Corporation:
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Item
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Beginning
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Ending
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Inventory
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$10,482
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$11,280
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Accounts receivable
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5,751
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6,281
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Accounts payable
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6,052
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6,393
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Net sales
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$139,403
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Cost of goods sold
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87,213
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Assume all sales are on credit. Calculate the operating and cash cycles. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Operating Cycle Days:
Cash Cycle Days:
2. Sunset, Inc., has a book value of equity of $12,975. Long-term debt is $7,325. Net working capital, other than cash, is $1,865. Fixed assets are $17,600 and current liabilities are $1,595.
How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash $
What is the value of the current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Current assets $
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Financial statement information for amaryliss corporation
: 1. Consider the following financial statement information for the Amaryliss Corporation:
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