What will be the firms operating cycle use 365 days a year


Suppose that LilyMac Photography has annual sales of $319,000, cost of goods sold of $159,000, average inventories of $3,900, and average accounts receivable of $24,400. 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.)

Solution Preview :

Prepared by a verified Expert
Operation Management: What will be the firms operating cycle use 365 days a year
Reference No:- TGS01555442

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)