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Libscomb Technologies' annual sales are $6,900,018 and all sales are made on credit, it purchases $3,523,671 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,900,018 and all sales are made on credit, it purchases $3,523,671 of materials each year (and this is its cost of goods sold). Libscomb also has $592,135 of inventory, $508,326 of accounts receivable, and beginning and ending of year $477,659 and $489,281 accounts payables (respectively). Assume a 365 day year.
What is Libscombs Cash Cycle (in days)?
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