1 Consider the following financial statement information for Orologio SpA. Calculate the operating and cash cycles. How...
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1 Consider the following financial statement information for Orologio SpA. Calculate the operating and cash cycles. How do you interpret your answer? (40 marks)
Item Beginning (€) Ending (€)
Inventory 44,234 34,048 Accounts receivable 43,211 35,532 Accounts payable 35,603 53,503 Net sales 360,302 Cost of goods sold 120,400
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