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What is jake place cash cycle

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Reference no: EM132534731

You have collected the following information for the Jake's Place.

Item              Beginning                 Ending

Inventory          $5,000                $7,000

Accts. Receivable 1,600                2,400

Accts. Payable      2,700                   4,800

  • Credit sales for the year just ended were $50,000, and cost of goods sold was $30,000.

Question 1: How long does it take for Jake's Place to collect on its receivables?

Question 2: How long does merchandise stay around before it is sold?

Question 3: How long does it take Jake's Place to pay its bills?

Question 4: What is Jake's Place operating cycle?

Question 5: What is Jake's Place cash cycle?

Reference no: EM132534731

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