Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
The following data is available for Quick Serve Trading Ltd.
Required:
- a) Calculate the operating cycle and the cash cycle
- b) Interpret and explain the outcomes
Transcribed Image Text:Асcount
Beginning
Ending Balance
balance
Accounts payable
120,300
160,600
327,500
124,400
167,200
325,800
Inventory
Long term debts
415,900
122,300
Common stock
400,400
Accounts receivable
123,400
Total revenue
737,000
Total cost of şales
265,000
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