Suppose that lilymac photography has annual sales of 232000, Ask an Expert

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Suppose that LilyMac Photography has annual sales of $232,000, cost of goods sold of $167,000, average inventories of $4,700, and average accounts receivable of $25,200. 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. Round your final answer to 2 decimal places.)

Operating cycle days

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Financial Management, Finance

Category:- Financial Management
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