Freddie sales are on credit, what will be firm cash cycle

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Reference no: EM131853832

Suppose that Freddie's Fries has annual sales of $640,000; cost of goods sold of $515,000; average inventories of $23,000; average accounts receivable of $39,000, and an average accounts payable balance of $34,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.) 62.64 38.54 14.44 1.86

Reference no: EM131853832

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