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The below table reports the $ amounts of inventory, receivables, payables, net sales and cost of good sols the XYZ Company in 200N. Accounts Beginning
The below table reports the $ amounts of inventory, receivables, payables, net sales and cost of good sols the XYZ Company in 200N.
Accounts | Beginning | Ending |
Inventory | $10,000 | $12,000 |
Receivables | 8,000 | 10,000 |
Accounts payable | 6,000 | 7,000 |
Net sales | 30,000 | |
Cost of Goods sold | 14,000 |
- Calculate the inventory turnover and inventory period. Interpret.
- Calculate the receivable turnover and receivable period. Interpret.
- Calculate the operating cycle (OC). Interpret.
- Calculate and interpret the cash cycle (CC).
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