Answered: Based on the financial statement…

Business

Accounting

Based on the financial statement information above, calculate the operating and cash cycle.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 18EB: Use the following excerpts from Jasper Companys financial statements to determine cash paid to...

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Question

Matilda Company financial statement information has given in the following table.
Item
Beginning
Ending
Inventory
1783
1965
Accounts Payable
2560
2820
Accounts Receivables
4920
4200
Revenue
12500
Cost of sales
9500
Required:
Based on the financial statement information above, calculate the operating and cash cycle.

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