Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Libscomb Technologies' annual sales are $5,024,963 and all sales are made on credit, it purchases $3,844,500 of materials each year (and this is its cost of goods sold). Libscomb also has $547,231 of inventory, $532,629 of accounts receivable, and beginning and ending of year $421,009 and $481,435 accounts payables (respectively). Assume a 365 day year.
What is Libscomb’s Cash Cycle (in days)?
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