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What is libscomb cash cycle

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Libscomb Technologies' annual sales are $5,625,005 and all sales are made on credit, it purchases $4,249,451 of materials each year (and this is its cost of goods sold). Libscomb also has $524,461 of inventory, $539,307 of accounts receivable, and beginning and ending of year $405,423 and $493,558 accounts payables (respectively). Assume a 365 day year.

Problem 1: What is Libscomb's Cash Cycle (in days)?

Reference no: EM132793194

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