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Consider the following financial statement information for the Ayala Corporation Item Beginning Ending Inventory $ 11900 $ 12900 Accounts receivable 6900 7200 Accounts

Consider the following financial statement information for the Ayala Corporation:

  Item Beginning         Ending  
  Inventory $ 11,900         $ 12,900  
  Accounts receivable   6,900           7,200  
  Accounts payable   9,100           9,500  
     Credit sales       $ 99,000        
     Cost of goods sold         79,000        
 

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.)

   
  Operating cycle days
  Cash cycle days
 

Please show your work!

 

Apr 11 2020 Read more Less More

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