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Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $11900 $12900 Account Receivable $6900 $7200 Accounts Payable $9100 $9500 Net

Consider the following financial statement information for the Hop Corporation:

Item Beginning Ending Inventory

$11900 $12900

Account

Receivable $6900 $7200

Accounts

Payable $9100 $9500

Net Sales $99000

Cost of

Goods Sold $79000

Calculate the operating and cash cycles (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g.32.16)

Operating Cycle: days

Cash Cycle: days

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