Lilly Bakery distributes its products to more than 75 restaurants and delis. The companys average collection period

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Lilly Bakery distributes its products to more than 75 restaurants and delis. The company’s average collection period is 27 days, and it keeps its inventory for an average of four days. What is Lilly’s operating cycle?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:11 AM

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Lilly Bakery distributes its products to more than 75 restaurants and delis. The companys average collection period

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DSI 4 days DSO 27 da...View the full answer

Fundamentals of corporate finance

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