Item Beginning Ending
Inventory $9,582 $10,380
Accounts receivable 4,851 5,381
Accounts payable 5,152 5,493
Net sales $138,503
Cost of goods sold 86,313
Assume all sales are on credit. Calculate the operating and cash cycles.
This question was asked on Jan 05, 2013 and answered on Jan 05, 2013.
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