The following data available for ABC company.
|Account||Beginning balance||Ending Balance||Use/source of cash|
|Long term debts||127,500||125,800|
- Calculate and identify the source of cash or the use of cash for each account change by filling into the column next to the ending balance.
- Assume that beginning balance of accounts receivable is $23 400 and ending balance of accounts receivable of $22 300, total revenue is $237 000, total cost of sales is $ 165 000 and all sales are on credit. Calculate the operating cycle and cash cycle.