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ANSWER 1 answer below » Problem 16-6 Calculating Cycles [LO1] Consider the following financial statement information for the Keenan Corporation: Item Beginning Ending Inventory $10,882 $11,680 Accounts receivable 6,151 6,681 Accounts payable 6,452 6,793 Net sales $139,803 Cost of goods sold 87,613 Jan 17 2014 07:21 PM