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Calvani, Inc., has a cash cycle or 45 days, an operating cycle or 66 days, and an inventory period of 28.5 days. The company reported
Calvani, Inc., has a cash cycle or 45 days, an operating cycle or 66 days, and an inventory period of 28.5 days. The company reported cost of goods sold in the amount or $345,000, and credit sales were $568,000 What is the company's average balance in accounts payable and accounts recelvable? (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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