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5. (10 points) Consider the following financial statement information for the Pawlonia Corporation: Item Beginning Ending Inventory $ 6,118 $ 7,302 Accounts receivables 3,764 4,483
5. (10 points) Consider the following financial statement information for the Pawlonia Corporation: Item Beginning Ending Inventory $ 6,118 $ 7,302 Accounts receivables 3,764 4,483 Accounts payable 4,986 5,327 Net Sales $65,351 Cost of goods sold 41,654 Assume all sales are on credit. a. Calculate the lengths of operating and cash cycles. b. Your corporation management thinks that it is using too much cash to run its operation. As an outstanding student in the BA 3425 class, you have been tasked to recommend actions to reduce the operating cash needs of your corporation by 10%. Give a few recommendations
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