We gather the balance sheet information from Mario Galaxy Co. as the following (in millions): ITEM Inventory$5,000
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Question:
We gather the balance sheet information from Mario Galaxy Co. as the following (in millions):
ITEM
Inventory$5,000
Accounts Receivable$3,600
We also have the following figures (in millions) from the income statement:
Net Sales$23,000
Cost of Goods Sold$16,400
A/P Period45 days
Annual Cash Outlay of $160,000
Suppose there are 365 business days per year.Calculate Mario Galaxy's cash cycle, cash turnover and minimum operating cash.
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