2 3 4 5 6 Consider the following financial statement information for the Newk Corporation. Assume all sales are on credit. Calculate the operating and cash cycles. Input Area: Item Inventory A/R A/P 7 8 9 10 11 12 13 14 (Use cells A6 to D12 from the given information to complete this question.) 15 Credit sales COGS Days per year 16 Output Area: 17 Beginning. $12,435 $6,120 $7,930 18 Inventory turnover 19 Inventory Period 20 Receivable turnover 365 Graded Worksheet + Calculation Mode: Automatic Workbook Statistics Ending $143,187 $79,218 $15,615 $6,287 $9,140

Consider the following financial statement information for the Newk Corporation. Assume all sales are on credit. Calculate the operating and cash cycles. (Use cells A6 to D12 from the given information to complete this question.) Output Area: Inventory turnover Inventory Period Receivable turnover Receivable period Operating cycle Payables turnoover Payables period Cash cycle