Question: Consider the following financial statement information li. for the Ayala Corporation: Item Beginning Ending Inventory...........................$10,583........................$13,685 Accounts receivable..................5,130...........................5,690 Accounts payable....................7,205............................8,105 Credit sales......................$127,382 Cost of goods sold................76,157
Consider the following financial statement information li. for the Ayala Corporation:
Item Beginning Ending
Inventory...........................$10,583........................$13,685
Accounts receivable..................5,130...........................5,690
Accounts payable....................7,205............................8,105
Credit sales......................$127,382
Cost of goods sold................76,157
Calculate the operating and cash cycles. How do you interpret your answer?
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Given data Item Beginning Ending Inventory 10583 13685 AR 51... View full answer
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