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Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $ 11,600 $ 12,600 Accounts receivable 6,600 6,900 Accounts payable 8,800

Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $ 11,600 $ 12,600 Accounts receivable 6,600 6,900 Accounts payable 8,800 9,200 Net sales $ 96,000 Cost of goods sold 76,000 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.)

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