Accounts payable and accounts receivable

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Reference no: EM131558460

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?

Reference no: EM131558460

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