Please Don't forget to interpret your answer.

6. Calculating Cycles [LO1] Consider the following financial statement information for the Newk Corporation: Item Beginning Ending Inventory $11.718 $14.865 Accounts receivable 5.860 6,127 7.930 8.930 Accounts payable Credit sales $127,382 Cost of goods sold 76.157 Calculate the operating and cash cycles. How do you interpret your answer? Input Area: Item Inventory AR A/P Credit sales COGS $ $ $ Beginning 11 718 5 860 7930 $ $ $ Ending 14 865 6 127 8930 $ $ 127 383 76 157 Output Area: DAYS Inventory turnover Inventory Period Receivable turnover Receivable period Operating cycle Payables turnover Payables period Cash cycle DAYS DAYS DAYS DAYS