Problem 18-6 Calculating Cycles [L01] Consider the following nancial statement information for the Newk Corporation: Item Beginning Ending Inventory $ 10,900 $11,900 Accounts receivable 5,900 6,200 Accounts payable 8,100 8,500 Credit sales $89,000 Cost of goods sold l69,000 Calculate the operating and cash cycles. {Use 365 days a year. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.] Operating cycle Cash cycle