Question:Alpha International Pte Ltd reported healthyprofits from its business for the past few years.However, the company still experience cash flowissues occasionally. In orderto prevent such incidence to happen again,following information for analysis:20192020Annual credit salesCost of goods sold$680,000$420,000$330,000$250,000$170,000$980,000$640,000$470,000$310,000$260,000Accounts receivable balanceInventory balanceBalance in accounts payableAssume that there are 365 days in a year:A:Compute the operating cycle for year 2020.B:Determine the cash cycle of year 2020.pls provide full working steps ,if do so and ifanswer is correct, i will surly give you heplful

Operating cycle = ((Average Inventory/Cost of goods sold) *365) + ((Average Receivables/Sales * 365)…

Question: Alpha International Pte Ltd reported healthy profits from its business for the past few years. However, the company still experience cash flow issues occasionally. In order to prevent such incidence to happen again, following information for analysis: 2019 $680,000 $420,000 $330,000 $250,000 $170,000 2020 Annual credit sales Cost of goods sold $980,000 $640,000 $470,000 $310,000 $260,000 Accounts receivable balance Inventory balance Balance in accounts payable Assume that there are 365 days in a year:

Question: Alpha International Pte Ltd reported healthy profits from its business for the past few years. However, the company still experience cash flow issues occasionally. In order to prevent such incidence to happen again, following information for analysis: 2019 $680,000 $420,000 $330,000 $250,000 $170,000 2020 Annual credit sales Cost of goods sold $980,000 $640,000 $470,000 $310,000 $260,000 Accounts receivable balance Inventory balance Balance in accounts payable Assume that there are 365 days in a year:

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 24CE

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