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