Average balance in accounts payable and accounts receivable

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Reference no: EM13940310

Calvani, Inc., has a cash cycle of 42 days, an operating cycle of 60 days, and an inventory period of 25.5 days. The company reported cost of goods sold in the amount of $350,000, and credit sales were $573,000.

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

Reference no: EM13940310

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Average balance in accounts payable and accounts receivable : Calvani, Inc., has a cash cycle of 42 days, an operating cycle of 60 days, and an inventory period of 25.5 days. The company reported cost of goods sold in the amount of $350,000, and credit sales were $573,000. What is the company’s average balance ..

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