Using the following information: Credit Sales: $30,000 million Cost of goods sold: $25,000 million Accounts receivable: $4,000
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Question:
Using the following information:
Credit Sales: $30,000 million
Cost of goods sold: $25,000 million
Accounts receivable: $4,000 million
Opening inventory: $5,000 million
Closing inventory: $2,500 million
Accounts payable: $2,000 million
a) What is the operating cycle for the company?
b) What is the net operating cycle for the company?
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