Question: Based on the following information calculate bot h the operating and cash cycles. Jan 1 st Dec 31st Accounts Payable 12,250 10,000 Accounts Receivable 16,500

Based on the following information calculate both the operating and cash cycles.

Jan 1st

Dec 31st

Accounts Payable

12,250

10,000

Accounts Receivable

16,500

18,000

Inventory

$17,000

$19,000

Credit Sales

$130,000

Cost of Goods Sold

$55,000

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