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Calculating Cycles Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $10,583 $13,685 A/R $5,130 $5,690 A/P $7,205 $8,105 Credit

Calculating Cycles

Consider the following financial statement information for the Ayala Corporation:

Item Beginning Ending

Inventory $10,583 $13,685

A/R $5,130 $5,690

A/P $7,205 $8,105

Credit sales $127,382

COGS $76,157

Calculate the operating and cash cycles. How do you interpret your answer?PLEASE SHOW ALL STEPS.

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