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Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 10,000 $ 11,000 Accounts receivable 5,000 5,300 Accounts payable 7,200
Consider the following financial statement information for the Ayala Corporation: |
Item | Beginning | Ending | |||||||
Inventory | $ | 10,000 | $ | 11,000 | |||||
Accounts receivable | 5,000 | 5,300 | |||||||
Accounts payable | 7,200 | 7,600 | |||||||
Credit sales | $ | 80,000 | |||||||
Cost of goods sold | 60,000 | ||||||||
Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places, e.g., 32.16.) |
Operating cycle | days |
Cash cycle | days |
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