Balance in accounts payable and accounts receivable


Calvani, Inc., has a cash cycle of 44 days, an operating cycle of 64 days, and an inventory period of 27.5 days. The company reported cost of goods sold in the amount of $343,000, and credit sales were $566,000.What is the company's average balance in accounts payable and accounts receivable?

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Finance Basics: Balance in accounts payable and accounts receivable
Reference No:- TGS039217

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