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Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 11,900 $ 12,900 Accounts receivable 6,900 7,200 Accounts payable 9,100
Consider the following financial statement information for the Ayala Corporation:
Item | Beginning | Ending | |||||||
Inventory | $ | 11,900 | $ | 12,900 | |||||
Accounts receivable | 6,900 | 7,200 | |||||||
Accounts payable | 9,100 | 9,500 | |||||||
Credit sales | $ | 99,000 | |||||||
Cost of goods sold | 79,000 | ||||||||
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 |
Please show your work!
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