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Libscomb Technologies' annual sales are $5,349,022 and all sales are made on credit, it purchases $3,007,992 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $5,349,022 and all sales are made on credit, it purchases $3,007,992 of materials each year (and this is its cost of goods sold). Libscomb also has $524,063 of inventory, $574,331 of accounts receivable, and beginning and ending of year $468,033 and $421,179 accounts payables (respectively). Assume a 365 day year. What is Libscombs Cash Cycle (in days)?
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