Solution-What will be the firm cash cycle

What will be the firm cash cycle

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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 and round your final answer to 2 decimal places.)

Cash cycle ________ days?

Reference no: EM131317505

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What will be the firm cash cycle : 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 and round your final answer to 2 decimal places.)

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What will be the firm cash cycle

Reference no: EM131317505

Reference no: EM131317505

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