What will be the firm cash cycle

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Suppose that Ken-Z Art Gallery has annual sales of $908,000, cost of goods sold of $598,000, average inventories of $184,000, average accounts receivable of $117,000, and an average accounts payable balance of $58,000.

Assuming that all of Ken-Z’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Cach cycle=____?_____days

Reference no: EM131927794

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