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q8 Calvani, Inc., has a cash cycle of 43 days, an operating cycle of 62 days, and an inventory period of 26.5 days. The company
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Calvani, Inc., has a cash cycle of 43 days, an operating cycle of 62 days, and an inventory period of 26.5 days. The company reported cost of goods sold in the amount of $341,000, and credit sales were $564,000. Required: What is the company's average balance in accounts payable and accounts receivable? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)Step by Step Solution
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