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Calvani, Inc., has a cash cycle of 38.5 days, an operating cycle of 53 days, and an inventory period of 22 days. The company reported

Calvani, Inc., has a cash cycle of 38.5 days, an operating cycle of 53 days, and an inventory period of 22 days. The company reported cost of goods sold in the amount of $357,000, and credit sales were $580,000. What is the companys average balance in accounts payable and accounts receivable? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Average accounts payable $
Average accounts receivable $

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