Solve it on excel only (a) Consider the following financial statement information for Apex Trading Ltd:ItemInventoryBeginning$12,000$8,500Ending$15,000$8,200A/PCost of goods soldCash cycle$72,00050 daysCompute the following for Apex Trading Ltd.:(i) Payable period(ii) Inventory period(iii) Receivable period

1. Payable period: The payment period is when a company takes time to make a payment to suppliers or…

Answered: Compute the following for Apex Trading…

Business

Accounting

Compute the following for Apex Trading Ltd.: (i) Payable period (ii) Inventory period (iii) Receivable period

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Solve it on excel only

(a) Consider the following financial statement information for Apex Trading Ltd:
Item
Inventory
Beginning
$12,000
$8,500
Ending
$15,000
$8,200
A/P
Cost of goods sold
Cash cycle
$72,000
50 days
Compute the following for Apex Trading Ltd.:
(i) Payable period
(ii) Inventory period
(iii) Receivable period

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