Question
The following information is available for NCEP Limited. Profit and Loss Account Data Balance Sheet Data Beginning of 20X6 End of 20X6 Sales 6000 Inventory
The following information is available for NCEP Limited.
Profit and Loss Account Data Balance Sheet Data Beginning of 20X6 End of 20X6
Sales ₹6000 Inventory 800 820
Cost of goods sold ₹4000 Accounts receivable 500 490
Accounts payable 290 205
What is the operating cycle? What is the cash cycle?
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
17th Edition
032459237X, 978-0324592375
