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Calculate the operating cycle and the cash cycle

Assignment Help Financial Accounting
Reference no: EM132813611

Question - The following data is available for Quick Serve Trading Ltd.

Account Beginning balance Ending Balance

Accounts payable 120,300 124,400

Inventory 160,600 167,200

Long term debts 327,500 325,800

Common stock 400,400 415,900

Accounts receivable 123,400 122,300

Total revenue 737,000

Total cost of sales 265,000

Note - Assume that all sales are on credit)

Required -

a) Calculate the operating cycle and the cash cycle.

b) Interpret and explain the outcomes.

Reference no: EM132813611

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