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Consider the following financial statement information for the Newk Corporation: Item Beginning Ending Inventory $ 6,310 $ 7,656 Accounts receivable 3,831 4,648 Accounts payable 5,195
Consider the following financial statement information for the Newk Corporation: Item Beginning Ending Inventory $ 6,310 $ 7,656 Accounts receivable 3,831 4,648 Accounts payable 5,195 6,304 Credit sales $ 61,254 Cost of goods sold 39,620 Calculate the operating and cash cycles.
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