Question: Operating cycle is correct, just need the cash cycle. Please and thank you! Consider the following financial statement information for the Ayala Corporation Item Inventory
Operating cycle is correct, just need the cash cycle. Please and thank you!
Consider the following financial statement information for the Ayala Corporation Item Inventory Accounts receivable Accounts payable Ending $12,100 6,400 8,700 Beginning $11,100 6,100 8,300 Credit sales Cost of goods sold $91,000 71,000 Calculate the operating and cash cycles. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places, e.g., 32.16.) 83.87 days Operating cycle Cash cycle days
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