Consider the following financial statement information for the newk corporation. Calculate the operating and cash cycles.

S18-06 Calculating Cycles [LO1] Consider the following financial statement information for the Newk Corporation Beginning Ending Item Inventory Accounts $ 11,718 5,860 7,930 $14,865 6,127 8,930 receivable Accounts payable $127,382 76157 Credit sales Cost of goods sold Calculate the operating and cash cycles,. (Use 365 days a year. Do not rounc intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) days days Operating cycle Cash cycle