22 Calculating Cycles Consider the following financial statement information for Bulldog Ice plc. Calculate the operating and
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22 Calculating Cycles Consider the following financial statement information for Bulldog Ice plc. Calculate the operating and cash cycles. How do you interpret your answer?
Item Beginning(£) Ending(£)
Inventory 8,413 10,158 Accounts receivable 5,108 5,439 Accounts payable 6,927 7,625 Net sales 67,312 Cost of goods sold 52,827
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