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Libscomb Technologies' annual sales are $5,176,920 and all sales are made on credit, it purchases $3,656,631 of materials each year and this is its cost
Libscomb Technologies' annual sales are $5,176,920 and all sales are made on credit, it purchases $3,656,631 of materials each year and this is its cost of goods sold). Libscomb also has $529,461 of inventory, $502,041 of accounts receivable, and beginning and ending of year $458,228 and $469,068 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)
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