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Pasta Shop has sales of $315,000, average accounts receivable of $32,000, average inventory of $28,000 and...

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Finance

Pasta Shop has sales of $315,000, average accountsreceivable of $32,000, average inventory of $28,000 and averageaccounts payable of $24,000. The cost of goods sold is equivalentto 70 percent of sales. What is the operating cycle? What is thecash cycle?

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ANSWER OPERATING CYCLE 8343 DAYS CASH    See Answer
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Transcribed Image Text

Pasta Shop has sales of $315,000, average accountsreceivable of $32,000, average inventory of $28,000 and averageaccounts payable of $24,000. The cost of goods sold is equivalentto 70 percent of sales. What is the operating cycle? What is thecash cycle?

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