Calvani, Inc., has a cash cycle of 47 days, an operating cycle of 70 days,...
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Calvani, Inc., has a cash cycle of 47 days, an operating cycle of 70 days, and an inventory period of 30.5 days. The company reported cost of goods sold in the amount of $349,000, and credit sales were $572,000. What is the companys average balance in accounts payable and accounts receivable?
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