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Compute the operating cycle for year

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Reference no: EM133033249

Question - Nasky Pte Ltd reported healthy profits from its business for the past few years. However, the company still experience cash flow issues occasionally. In order to prevent such incidence to happen again, the Finance Manager had compiled the following information for analysis: 2019 2020 Annual credit sales $585,000 $768,000 Cost of goods sold $325,000 $545,000 Accounts receivable balance $350,000 $410,000 Inventory balance $210,000 $250,000 Balance in accounts payable $170,000 $240,000 Assume that there are 365 days in a year.

Required -

A. Compute the operating cycle for Year 2020.

B. Determine the cash cycle for Year 2020.

Reference no: EM133033249

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