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Calculate and identify the source of cash

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Question - The following data available for Mt Warnings Ltd.

Account Beginning balance Ending Balance Use/source of cash

Accounts payable 22,400 26,500

Inventory 68,600 65,300

Long term debts 115,500 135,600

Common stock 250,400 235,900

Required -

a. Calculate and identify the source of cash or the use of cash for each account by filling into the column next to the ending balance.

b. Assume the following

beginning balance of accounts receivable is $25,400

ending balance of accounts receivable of $23,800

total revenue (all sales are on credit) is $247,500

total cost of goods sold is $ 175,000

Calculate the operating cycle and cash cycle and interpret the outcomes.

Reference no: EM132996245

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