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pls help to provide answers in image Question 5 AR company has the following financial statement information: Item Beginning($) 7800.00 3500.00 7500.00 Ending($) 10200.00 4500.00
pls help to provide answers in image
Question 5 AR company has the following financial statement information: Item Beginning($) 7800.00 3500.00 7500.00 Ending($) 10200.00 4500.00 Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold 7900.00 90000.00 56000.00 Assume that there are 365 days yearly, answer the following questions. (a) Calculate the operating cycle. (3 marks) (b) Calculate the cash cycle. (3 marks) (c) Judge whether the following statement is true and explain your answer: "It is possible to have a negative cash cycle. (8 marks)Step by Step Solution
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