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Consider the following financial statement information for the Mediate Corporation: Item Beginning Ending Inventory $ 8,161 $ 10,096 Accounts receivable 4,955 6,130 Accounts payable 6,719
| Consider the following financial statement information for the Mediate Corporation: |
| Item | Beginning | Ending | |
| Inventory | $ 8,161 | $ 10,096 | |
| Accounts receivable | 4,955 | 6,130 | |
| Accounts payable | 6,719 | 8,312 | |
| Credit sales | $ 80,774 | ||
| Cost of goods sold | 51,242 | ||
| Required: |
| (a) | Calculate the operating cycles.
|
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Ethics In Finance
Authors: John R. Boatright
3rd Edition
1118615824, 978-1118615829
