1)

Suppose that LilyMac Photography has annual sales of $223,000, cost of goods sold of $158,000, average inventories of $6,200, average accounts receivable of $28,400, and an average accounts payable balance of $18,900.

Assuming that all of LilyMacs sales are on credit, what will be the firms cash cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Cash cycle

days