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