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Use the following financial statement data of Colgate-Palmolive for the questions that follow. billions Credit sales $25,000 Cost of goods sold $20,000 Accounts receivable $2,500

Use the following financial statement data of Colgate-Palmolive for the questions that follow.

billions

Credit sales

$25,000

Cost of goods sold

$20,000

Accounts receivable

$2,500

Inventory Beginning balance

$2,000

Inventory Ending balance

$2,300

Accounts payable

$1,700

a. Calculate the operating cycle for Colgate-Palmolive.

b. Calculate the net operating cycle for Colgate-Palmolive.

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