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Libscomb Technologies' annual sales are $6,131,211 and all sales are made on credit, it purchases $3,299,391 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,131,211 and all sales are made on credit, it purchases $3,299,391 of materials each year (and this is its cost of goods sold). Libscomb also has $508,496 of inventory, $540,133 of accounts receivable, and beginning and ending of year $444,453 and $444,298 accounts payables (respectively). Assume a 365 day year.
What is Libscombs Cash Cycle (in days)?
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