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Consider the following financial statement information for the Keenan Corporation:

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Consider the following financial statement information for the Keenan Corporation:
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.
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8417965Solution.docx

Consider the following financial statement information for the Keenan Corporation:
Item
Beginning
Ending
Inventory
$9,582
$10,380
Accounts receivable
4,851
5,381
Accounts payable
5,152
5,493
Net...

This question was asked on Jan 05, 2013 and answered on Jan 05, 2013.

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