Coley inc has a cash cycle of 405 days an operating cycle

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Coley, Inc., has a cash cycle of 40.5 days, an operating cycle of 57 days, and an inventory period of 24.0 days. The company reported cost of goods sold in the amount of $353,000, and credit sales were $576,000.
Required:

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

Reference no: EM13587879

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