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Question 1: Calculate the net operating cycle for Mushtaq &Co. and Taseer & Co. based on the information given below.
Question 2: Which company is more efficient with solid arguments.
2012 2013 2014
Mushtaq & Co.
Days Sales Outstanding 55 50 45
Days Inventory 30 25 20
Days Payables Outstanding 55 60 65
Taseer & Co.
Days Sales Outstanding 20 25 30
Days Inventory 3 4 6
Days Payables Outstanding 75 80 85
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assuming beginning inventories were acquired when the general price index level was 128 prepare kashmir enterprises
Prepare the journal entry on Ludwig 's books to record the restructuring of this debt. Calculate the gain or loss to Giffin Co. from restructuring of its receivable from Ludwig.
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