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(2+1 marks) Green Tiger has sales of $642,000. The cost of goods sold is equal to 65% of sales. The credit purchases can be assumed

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(2+1 marks) Green Tiger has sales of $642,000. The cost of goods sold is equal to 65% of sales. The credit purchases can be assumed at 60% of cost of goods sold. The firm has average payables of $36,400; average inventory stands at $32,000 and average account receivables are at $24,750. How long is the Operating cycle? And the Cash cycle

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