Calvani, Inc., has a cash cycle of 45.5 days, an operating cycle of 67 days, and an inventory period of 29 days. The company reported cost of goods sold in the amount of $346,000, and credit sales were $569,000.
What is the company’s average balance in accounts payable and accounts receivable?
Avg Accounts Payable = ?
Avg Accounts Recievable = ?