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Consider the following financial statement information for the Keenan Corporation Consider the following financial statement information for the Keenan Corporation: Item Inventory Accounts receivable Accounts

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Consider the following financial statement information for the Keenan Corporation

Consider the following financial statement information for the Keenan Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Required: Beginning $9,682 4,951 5,252 $138,603 86.413 Ending $10,480 5,481 5,593 Assume all sales are on credit. Calculate the operating and cash cycles. Operating cycle: I Select I Cash cyclo: , [ Select]

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