Item Beginning Ending Inventory $ 12,435 $ 15,615 Accounts receivable 6,120 6,287 Accounts payable 7,930 9,140 Net sales $ 143,187 Cost of goods sold 79,218 Calculate the operating and cash cycles.
Item Beginning Ending Inventory $ 12,435 $ 15,615 Accounts receivable 6,120 6,287 Accounts payable 7,930 9,140 Net sales $ 143,187 Cost of goods sold 79,218 Calculate the operating and cash cycles.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
Related questions
Question
Item | Beginning | Ending | |
---|---|---|---|
Inventory | $ 12,435 | $ 15,615 | |
Accounts receivable | 6,120 | 6,287 | |
Accounts payable | 7,930 | 9,140 | |
Net sales | $ 143,187 | ||
Cost of goods sold | 79,218 |
Calculate the operating and cash cycles. |
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