Question: Saved Problem 1 6 - 1 5 Cash and Operating Cycles [ LO 3 ] Valenzuela, Incorporated, has a cash cycle of 4 5 days,

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Problem 16-15 Cash and Operating Cycles [LO 3]
Valenzuela, Incorporated, has a cash cycle of 45 days, an operating cycle of 66 days, and an inventory period of 28.5 days. The company reported cost of goods sold in the amount of $345,000, and credit sales were $568,000. What is the company's average balance in accounts payable and accounts receivable?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
\table[[Average accounts payable,],[Average accounts receivable,]]
 Saved Problem 16-15 Cash and Operating Cycles [LO 3] Valenzuela, Incorporated,

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