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Louise Technology had sales (all on credit) of $73 million and a gross profit margin of 70% last year. If Louise Technology's inventory averaged $4.87
Louise Technology had sales (all on credit) of $73 million and a gross profit margin of 70% last year. If Louise Technology's inventory averaged $4.87 million, and its accounts receivable were $6.93 million, what was the length of its operating cycle?
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