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Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 10,900 $ 11,900 Accounts receivable 5,900 6,200 Accounts payable 8,100
Consider the following financial statement information for the Ayala Corporation: |
Item | Beginning | Ending | |||||||
Inventory | $ | 10,900 | $ | 11,900 | |||||
Accounts receivable | 5,900 | 6,200 | |||||||
Accounts payable | 8,100 | 8,500 | |||||||
Credit sales | $ | 89,000 | |||||||
Cost of goods sold | 69,000 |
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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