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Consider the following financial statement information Beginning Ending Inventory $12,435 $15,615 Accounting receivable 6,120 6,287 Accounting payable 7,930 9,140 Credit sales $143,187 Cos of good
Consider the following financial statement information Beginning Ending Inventory $12,435 $15,615 Accounting receivable 6,120 6,287 Accounting payable 7,930 9,140 Credit sales $143,187 Cos of good sold 79,218 Assume all sales are on credit Calculate the operating and cash cycles. Select one: O a. Operating cycle: 64.62 days and cash cycle: 39.33 days O b. Operating cycle: 80.43 days and cash cycle: 39.33 days Oc. Operating cycle: 64.62 days and cash cycle: 41.11 days Od. Operating cycle: 80.43 days and cash cycle: 41.11 days
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