Question: Question 4 (20 marks) (a) Consider the following financial statement information for Apex Trading Ltd: Item Beginning Ending Inventory $12,000 $15,000 A/P $8,500 $8,200 Cost

Question 4 (20 marks) (a) Consider the following financial statement information

Question 4 (20 marks) (a) Consider the following financial statement information for Apex Trading Ltd: Item Beginning Ending Inventory $12,000 $15,000 A/P $8,500 $8,200 Cost of goods sold $72,000 Cash cycle 50 days Compute the following for Apex Trading Ltd.: (i) Payable period (ii) Inventory period (iii) Receivable period (9 marks)

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