Suppose that ken-z art gallery has annual sales of 890000, Ask an Expert

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Suppose that Ken-Z Art Gallery has annual sales of $890,000, cost of goods sold of $580,000, average inventories of $166,000, average accounts receivable of $135,000, and an average accounts payable balance of $66,000. Assuming that all of Ken-Z’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Cash cycle days

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92370094

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