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Consider following information for X Corporation: Item Beginning Ending Inventory $6,678 $7,356 Accounts receivable $4,033 $4,348 Accounts payable $5,134 $6,104 Net sales $81,254 Cost of
Consider following information for X Corporation:
| Item | Beginning | Ending |
|---|---|---|
| Inventory | $6,678 | $7,356 |
| Accounts receivable | $4,033 | $4,348 |
| Accounts payable | $5,134 | $6,104 |
| Net sales | $81,254 |
| Cost of goods sold | $60,677 |
Compute operating cycle and cash cycle. Is the cash cycle efficient for X corperation?
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
