Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period of 21 days. The company reported cost of goods sold the amount of $359,000and credit sales were $582,000. What the company's average balance in accounts payable and accounts receivable? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)

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A:

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is