This paper concentrates on the primary theme of Suppose that LilyMac Photography has annual sales of $231,000, cost of goods in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.
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? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)Cash cycle ______ days