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What is the company average balance in accounts payable

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Question: Cash and Operating Cycles. Calvani, Inc., has a cash cycle of 36.5 days, an operating cycle of 59.4 days, and an inventory period of 23.2 days. The company reported cost of goods sold in the amount of $445,000, and credit sales were $724,000. What is the company's average balance in accounts payable and accounts receivable?

Reference no: EM131733117

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