What is the companys average balance in accounts payable

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Reference no: EM13263341

Calvani, Inc., has a cash cycle of 38 days, an operating cycle of 52 days, and an inventory period of 21.5 days. The company reported cost of goods sold in the amount of $358,000, and credit sales were $581,000.

Required:

What is the company's average balance in accounts payable and accounts receivable?

Reference no: EM13263341

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