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You have collected the following information for the Mumias limited: Item Beginning Ending Inventory $6,000 $4,000 Accounts Receivable $1,800 $2,600 Accounts payable $2,800 $5,000 Credit
- You have collected the following information for the Mumias limited:
| Item | Beginning | Ending |
| Inventory | $6,000 | $4,000 |
| Accounts Receivable | $1,800 | $2,600 |
| Accounts payable | $2,800 | $5,000 |
Credit sales for the year just ended were $ 50,000 and cost of goods sold was $30,000
Required
- How long does it take Mumias Ltd to collect on its receivables?
- How long does merchandise stay around before it is sold
- How long does Mumias Ltd take to pay its bills
- Calculate the cash cycle and operating cycle
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Edition
0134083245, 9780134083247
