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Item Inventory Accounts Receivable Accounts Payable Beginning $10,583 $5,130 $7,205 Input Area: Ending $13,685 $5,690 $8,105 Credit Sales for this period were $127,382, and the Cost of Goods Sold was $76,157. a) Calculate the Operating Cycle. b) Calculate the Cash Cycle. c) How would you interpret your answer? Use the Template Provided Below to Create Your Solution -

Item Inventory Accounts Receivable Accounts Payable Beginning $10,583 $5,130 $7,205 Input Area: Ending $13,685 $5,690 $8,105 Credit Sales for this period were $127,382, and the Cost of Goods Sold was $76,157. a) Calculate the Operating Cycle. b) Calculate the Cash Cycle. c) How would you interpret your answer? Use the Template Provided Below to Create Your Solution -

FINANCIAL ACCOUNTING
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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Item Inventory Accounts Receivable Accounts Payable Input Area: Credit Sales for this period were $127,382, and the Cost of Goods Sold was $76,157. Item Beginning $10,583 $5,130 $7,205 a) Calculate the Operating Cycle. b) Calculate the Cash Cycle. c) How would you interpret your answer? Use the Template Provided Below to Create Your Solution - Pay cl Inventory A/R A/P Credit sales COGS Ending $13,685 $5,690 $8,105 Beginning Ending
Transcribed Image Text:Item Inventory Accounts Receivable Accounts Payable Input Area: Credit Sales for this period were $127,382, and the Cost of Goods Sold was $76,157. Item Beginning $10,583 $5,130 $7,205 a) Calculate the Operating Cycle. b) Calculate the Cash Cycle. c) How would you interpret your answer? Use the Template Provided Below to Create Your Solution - Pay cl Inventory A/R A/P Credit sales COGS Ending $13,685 $5,690 $8,105 Beginning Ending
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