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Consider the following financial statement information for the Newk Corporation: 39 Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $

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Consider the following financial statement information for the Newk Corporation: 39 Item Inventory Accounts receivable Accounts payable Credit sales Cost of goods sold Beginning $ 10,300 5,300 7,500 Ending $ 11,300 5,600 7,900 $83,000 63,000 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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