What will be the firm cash cycle

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Reference no: EM132028869

1. Suppose that LilyMac Photography has annual sales of $231,000, cost of goods sold of $166,000, average inventories of $4,600, average accounts receivable of $25,200, and an average accounts payable balance of $7,100. Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle?

2. You deposit $200 today, $800 one year from now, and $1,300 five years from now into an account that earns 4.5% compounded annually. How much money will you have 11 years from now? (Round to the nearest whole dollar)

Reference no: EM132028869

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