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JL Meriwether, Inc. has credit sales of $923,000 and cost of goods sold of $789,000. On average, the firm has $83,000 in accounts receivable, $146,000
JL Meriwether, Inc. has credit sales of $923,000 and cost of goods sold of $789,000. On average, the firm has $83,000 in accounts receivable, $146,000 in inventory, and $104,000 in accounts payable. How many days are in the operating cycle?
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