Question: please show work 1) COP Communications has an inventory period of 43 days, an accounts payable period of 36 days, and an accounts receivable turnover
please show work
1) COP Communications has an inventory period of 43 days, an accounts payable period of 36 days, and an accounts receivable turnover rate of 28. What is the length of the cash cycle? (Assume a 365-day year)
2) As of the beginning of the quarter, ONeills Pub Supplies had a cash balance of $10,660. During the quarter, the company collected $12,500 from customers and paid suppliers $12,330. The company also paid an interest payment of $750 and an income tax payment of $1,000. In addition, the company repaid $1,525 on its long-term debt. What is ONeills cash balance at the end of the quarter?
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