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A firm has Sales of $11,000 and COGS of $4,000. Their balance sheet shows an accounts receivable of $900, inventory of $700, and accounts payable
A firm has Sales of $11,000 and COGS of $4,000. Their balance sheet shows an accounts receivable of $900, inventory of $700, and accounts payable of $400. Based on a 365-day year, how long is the operating cycle of the firm? Note: Express your answer in units of days
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