Question: 1. (13 Marks) Based on the following information complete the chart below. Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold Inventory Jan 1st

1. (13 Marks) Based on the following information complete the chart

1. (13 Marks) Based on the following information complete the chart below. Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold Inventory Jan 1st Dec 31st $50,000 $150,000 40,000 80,000 900,000 450,000 120,000 180,000 Calculate A/R Period Show work here Final Answer A/P Period Inventory Period Operating Cycle Cash Cycle

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