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Problem:

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.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167173

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