Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $ 10,882 Operating cycle Cash cycle 6,151 6,452 $ 139,803 87,613 Assume all sales are on credit. Calculate the operating and cash cycles. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Ending $ 11,680 6,681 6,793 87.64 days 37.17 days

Consider the following financial statement information for the Newk Corporation: Assume all sales are on credit. Calculate the operating and cash cycles. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16