Consider the following financial statement information for the Newk Corporation. Assume all sales are on credit. Calculate the operating and cash cucles. \begin{tabular}{|l|l|r|} \hline 15 & & \\ \hline 16 & Output Area: & \\ \hline 18 & & \\ \hline 19 & Inventory turnover & 14,025:0000 \\ 20 & Inventory Period & 6,203.50 \\ 21 & Receivable turnover & 8,535.0000 \\ \hline 22 & Operating cycle & 64.62 \\ \hline 23 & Payables turnover & \\ \hline 24 & Payables period & \\ \hline 25 & Cash cycle & \\ \hline 26 & & \\ \hline \end{tabular}