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Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $ 10,900 $ 11,900 Accounts receivable 5,900 6,200 Accounts payable 8,100

Consider the following financial statement information for the Hop Corporation:

Item Beginning Ending
Inventory $ 10,900 $ 11,900
Accounts receivable 5,900 6,200
Accounts payable 8,100 8,500
Net sales $ 89,000
Cost of goods sold 69,000

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.)

Operating Cycle: __ days

Cash Cycle: __ days

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