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
Related questions
Question
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
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