Consider the following financial statement information for the Newk Corporation: Item Inventory Accounts receivable Accounts payable Net sales Cost of goods sold Beginning $ 12,435 Operating cycle Cash cycle 6,120 7,930 143, 187 79,218 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. days days Ending $ 15,615 6,287 9, 140

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