Consider the following financial statement information for the Bed Corporation: ...
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Finance
| Consider the following financial statement information for the Bed Corporation: |
| Item | Beginning |
| Ending |
| Inventory | $ 7,319 |
| $ 9,002 |
| Accounts receivable | 4,444 |
| 5,466 |
| Accounts payable | 6,026 |
| 7,412 |
| Credit sales |
| $ 72,024 |
|
| Cost of goods sold |
| 45,959 |
|
| Required: |
| (a) | Calculate the operating cycles. (Do not round) |
|
| (Select an answer) A. 39.70days B. 36.56days C. 93.52days D.89.92days E. 86.32days |
| (b) | Calculate the cash cycle. (Do not round your) |
|
| Select an answer A. 35.10days B. 36.56days C. 89.92days D. 93.06days E. 124.34days |
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