Solution-Determining the firm operating cycle

Determining the firm operating cycle

Assignment Help Basic Computer Science

Reference no: EM131206170

Suppose that LilyMac Photography has annual sales of $235,000, cost of goods sold of $170,000, average inventories of $5,000, and average accounts receivable of $25,500. 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.)

Reference no: EM131206170

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Determining the firm operating cycle

Reference no: EM131206170

Reference no: EM131206170

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