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Cullumber Construction, Inc., reported the following balance sheet information for the last fiscal year. Cullumber also reported net sales of $982,700 and days' sales in
Cullumber Construction, Inc., reported the following balance sheet information for the last fiscal year. Cullumber also reported net sales of $982,700 and days' sales in inventory of 46.20 days. Cullumber Construction Inc. Assets Cash and marketable securities $15,090 Accounts receivable $145,200 Inventories $296,430 Other current assets $12,700 Total current assets $469,420 Calculate the firm's operating cycle. (Round answer to 2 decimal places, e.g., 12.52.) Operating cycle days
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