What will be the firms cash cycle

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Reference no: EM132012867

Suppose that LilyMac Photography has annual sales of $222,000, cost of goods sold of $157,000, average inventories of $6,300, average accounts receivable of $28,600, and an average accounts payable balance of $19,000.

Assuming that all of LilyMac'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.)

Cash cycle days

Reference no: EM132012867

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