Suppose the following: Beginning Inventory = 11246 Ending Inventory= 12348 Beginning Receivables = 6431 Ending Receivables...

Suppose the following:

Beginning Inventory = 11246
Ending Inventory= 12348

Beginning Receivables = 6431
Ending Receivables = 6493

Beginning Payables = 8353
Ending Payables = 8919

Credit Sales = 92328
Cost of Goods Sold = 72642

Calculate the following (round final answers to 2 decimal places):

Operating Cycle = _____ days
Cash Cycle = _____ days

Expert Solution

jeff jeffy answered 3 months ago

Suppose the following: Beginning Inventory = 11202 Ending Inventory= 12259 Beginning Receivables = 6123 Ending Receivables...

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Suppose the following: Beginning Inventory = 11141 Ending Inventory= 12245 Beginning Receivables = 6450 Ending Receivables...

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