Suppose that LilyMac Photography has annual sales of $323,000, cost of goods sold of $163,000, average inventories of $4,300, and average accounts receivable of $24,800. 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.)
Operating cycle days