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Libscomb Technologies' annual sales are $5,830,127 and all sales are made on credit, it purchases $3,587,171 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $5,830,127 and all sales are made on credit, it purchases $3,587,171 of materials each year (and this is its cost of goods sold). Libscomb also has $500,998 of inventory, $548,292 of accounts receivable, and $469,136 of accounts payable. Assume a 365 day year. What is Libscomb's Operating Cycle (in days)
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