(Answered) Suppose that lilymac photography has annual sales of 317000

Management Studies

Suppose that LilyMac Photography has annual sales of $317,000, cost of goods sold of $157,000, average inventories of $3,700, and average accounts receivable of $24,200. 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 and round your final answer to 2 decimal places.)

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