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1. Calculating cycles) Consider the following financial statement information for corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $11,700
1. Calculating cycles) Consider the following financial statement information for corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $11,700 5,800 7,900 Ending $14,800 6,100 8,900 $127,300 76,100 Calculate The inventory period: The accounts receivable period: The accounts payable period: iv. The operating cycle: V. The cash cycle
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