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Devlin Construction Inc., reported the following balance sheet information for the last fiscal year. Devlin also reported net sales of $980,770 and days sales in inventory of 48.90 days.
Devlin Construction Inc.
Assets
Cash and marketable securities $ 15,032
Accounts receivable $140,500
Inventories $289,809
Other current assets $ 12,647
Total current assets $457,988
Calculate the firm's operating cycle.
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