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You are hired as a financial analyst for Bob Corp. Consider the following financial statement information: (S) Item Inventory Accounts receivable Accounts payable Net sales
You are hired as a financial analyst for Bob Corp. Consider the following financial statement information: (S) Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning (S) 7,203 3,069 3,617 Ending ($) 9,041 3,995 4,599 95,982 59,814 Assume all sales are on credit. A. Compute the operating cycle. (8 marks) B. Compute the cash cycle. (4 marks) C. How do you interpret your results
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