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Calvani, Inc., has a cash cycle of 41 days, an operating cycle of 58 days, and an inventory period of 24.5 days. The company reported cost of goods sold in the amount of $352,000, and credit sales were $575,000.

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 $

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M93037670

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