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Calvani, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period of 21 days. The company reported cost of goods sold in the amount of $359,000, and credit sales were $582,000.
What is the company’s average balance in accounts payable and accounts receivable? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Average accounts payable $
Average accounts receivable $
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