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Libscomb Technologies' annual sales are $6,976,960 and all sales are made on credit, it purchases $3,028,847 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $6,976,960 and all sales are made on credit, it purchases $3,028,847 of materials each year (and this is its cost of goods sold). Libscomb also has $590,944 of inventory, $558,431 of accounts receivable, and beginning and ending of year $428,413 and $474,735 accounts payables (respectively). Assume a 365 day year.
What is Libscombs Cash Cycle (in days)?
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