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Operating and Cash Cycles a) Identify the sources and uses of cash. b) Given the information in the table, compute the operating and cash cycles.
Operating and Cash Cycles
a) Identify the sources and uses of cash.
b) Given the information in the table, compute the operating and cash cycles.
Average accounts receivable | $2,080 |
Average inventory | 2,400 |
Average accounts payable | 1,135 |
Sales | 15,600 |
Cost of goods sold | 9,761 |
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