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DDD has a cash cycle of 42.5 days, an operating cycle of 62 days, and an inventory period of 26 days. The company reported cost
DDD has a cash cycle of 42.5 days, an operating cycle of 62 days,
and an inventory period of 26 days. The company reported cost of
goods sold in the amount of $340,000, and credit sales were
$563,000. What is the company's average balance in accounts
payable and accounts receivable?
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