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Calculate the operating and cash cycles of the company

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Reference no: EM133056105

Consider the following financial statement information of ESPY Limited:

Item

Beginning $

Ending $

Inventory

56,000

64,000

Accounts Receivable

116,000

64,000

Accounts Payable

104,000

96,000

Sales for the year just ended were $4,400,000 and the cost of goods sold was $1,500,000.

Required:

a) The financial controller of ESPY Limited has requested you to calculate the operating and cash cycles of the company?

b) How do you interpret (or explain) your calculations/results, from Part A above? 

Reference no: EM133056105

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