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Consider the following financial statement information for the Ayala Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,200 5,200
Consider the following financial statement information for the Ayala Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $10,200 5,200 7,400 Ending $ 11,200 5,500 7,800 $ 82,000 62,000 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 Cash cycle 86.80 days days Hints References eBook & Resources Hint #1 Check my work
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