C. The Great Sedan Corporation is a professional car rental and leasing services company. For...
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C. The Great Sedan Corporation is a professional car rental and leasing services company. For the year 2020, the company profit is shrinking reflecting the impact of COVID-19 and the movement control order (MCO). The 2020 financial statement information for the Great Sedan Corporation as follows: Item Inventory Account receivable Account Payable Net sales Cost of goods sold Operating Profit Interest Dividend Retained earnings Opening Balance (RM) Closing Balance (RM) 160,758 185,108 128,261 141,973 151,583 168,676 1,811,312 1,340,382 79,339 8,933 5,175 91,789 Estimate the operating and cash cycles in 2020. Please interpret the answer based on the calculation. (12 marks) C. The Great Sedan Corporation is a professional car rental and leasing services company. For the year 2020, the company profit is shrinking reflecting the impact of COVID-19 and the movement control order (MCO). The 2020 financial statement information for the Great Sedan Corporation as follows: Item Inventory Account receivable Account Payable Net sales Cost of goods sold Operating Profit Interest Dividend Retained earnings Opening Balance (RM) Closing Balance (RM) 160,758 185,108 128,261 141,973 151,583 168,676 1,811,312 1,340,382 79,339 8,933 5,175 91,789 Estimate the operating and cash cycles in 2020. Please interpret the answer based on the calculation. (12 marks)
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