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Libscomb Technologies' annual sales are $5,878,003 and all sales are made on credit, it purchases $4,104,709 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $5,878,003 and all sales are made on credit, it purchases $4,104,709 of materials each year (and this is its cost of goods sold). Libscomb also has $519,973 of inventory, $569,238 of accounts receivable, and $481,233 of accounts payable. Assume a 365 day year.
What is Libscombs Operating Cycle (in days)? Round answer to 2 decimal places (hint: round to 4 decimal places for intermediate calculations).
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