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Consider the following financial statement information for the Keenan Corporation:

Item Beginning Ending
Inventory $9,882 $10,680
Accounts receivable 5,151 5,681
Accounts payable 5,452 5,793

Net sales $138,803
Cost of goods sold 86,613

Required:

Assume all sales are on credit.Calculate the operating and cash cycles.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9868984

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