QUESTION 7 Consider the following financial statement information for the Newk Corporation: Beginning Ending Inventory $ 10,500 11 500 Accounts receivable 5,500 5,800 Accounts payable 7.700 8,100 Credit sales $ 85,000 Cost of goods sold 65,000 Calculate the cash cycle. (Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e... 32.16.) MISTIAL