Calculating Cycles Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $10,583
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Question:
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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