Suppose the following: Beginning Inventory = 11257 Ending Inventory= 12407 Beginning Receivables = 6167 Ending Receivables = 6879 Beginning Payables = 8498 Ending Payables = 8829 Credit Sales = 93480 Cost of Goods Sold = 72325 Calculate the following (round final answers to 2 decimal places): Operating Cycle = days Cash Cycle = days

Suppose the following: Beginning Inventory = 11257 Ending Inventory= 12407 Beginning Receivables = 6167 Ending Receivables = 6879 Beginning Payables = 8498 Ending Payables = 8829 Credit Sales = 93480 Cost of Goods Sold = 72325 Calculate the following (round final answers to 2 decimal places): Operating Cycle = days Cash Cycle = days

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 5BE

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