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Newk Corporation has beginning inventory of $12,400 and ending inventory of $12,300. The accounts recievable period is 26.55 days and the accounts payable turnover is

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Newk Corporation has beginning inventory of $12,400 and ending inventory of $12,300. The accounts recievable period is 26.55 days and the accounts payable turnover is 707. Net sales are $109,100 and costs of goods sold are $56,220. a. What is the inventory period? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 3216.) b. How many days are in the operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. What is the accounts payable period? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) d. How many days are in the cash cycle? (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. Inventory period b. Operating cycle c. Accounts payable period d. Cash cycle days days dyas days

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