Suppose That Lilymac Photography Has Annual Sales Of 324 000 Cost Of Goods Sold

Suppose that LilyMac Photography has annual sales of $324,000, cost of goods sold of $164,000, average inventories of $4,400, and average accounts receivable of $24,900. Assume that all of LilyMac’s sales are on credit. What will be the firm’s operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.

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