Solved: Operating and cash cycles related problem, Accounting Basics

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Operating and cash cycles related problem

Problem: The Operating and Cash cycles: Consider the following financial statement information for the Glory Road company:

Item	Beginning	Ending
Inventory	$1,543	$1,669
Accounts receivable	4,418	3,952
Accounts payable	2,551	2,673

Net sales $11,500 Cost of goods sold $8,200

Calculate the operating and cash cycles:

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Accounting Basics: Operating and cash cycles related problem

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Accounting Basics: Operating and cash cycles related problem

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