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Valenzuela, Incorporated, has a cash cycle of 3 9 days, an operating cycle of 5 4 days, and an inventory period of 2 2 .

Valenzuela, Incorporated, has a cash cycle of 39 days, an operating cycle of 54 days, and an inventory period of 22.5 days. The company reported cost of goods sold in the amount of $356,000, and credit sales were $579,000. What is the companys average balance in accounts payable and accounts receivable?

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