Suppose that lilymac photography has annual sales of 231000, Ask an Expert

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Suppose that LilyMac Photography has annual sales of $231,000, cost of goods sold of $166,000, average inventories of $4,600, and average accounts receivable of $25,100. Assume that all of LilyMac’s sales are on credit.

What will be the firm’s operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92369684

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