Company average balance in accounts payable

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Reference no: EM131342501

Calvani, Inc., has a cash cycle of 46.5 days, an operating cycle of 69 days, and an inventory period of 30 days. The company reported cost of goods sold in the amount of $348,000, and credit sales were $571,000.

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 $

Reference no: EM131342501

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Company average balance in accounts payable : Calvani, Inc., has a cash cycle of 46.5 days, an operating cycle of 69 days, and an inventory period of 30 days. The company reported cost of goods sold in the amount of $348,000, and credit sales were $571,000. What is the company’s average balance ..

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