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Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $ 10,500

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Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $ 10,500 5,500 7,700 Ending $ 11,500 5,800 8,100 $85,000 65,000 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 Cash cycle days days

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