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Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 11,500 $ 12,500 Accounts receivable 6,500 6,800 Accounts payable 8,700
| Consider the following financial statement information for the Ayala Corporation: |
| Item | Beginning | Ending | |||||||
| Inventory | $ | 11,500 | $ | 12,500 | |||||
| Accounts receivable | 6,500 | 6,800 | |||||||
| Accounts payable | 8,700 | 9,100 | |||||||
| Credit sales | $ | 95,000 | |||||||
| Cost of goods sold | 75,000 | ||||||||
| Calculate the operating and cash cycles. |
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