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Oriole Construction, Inc., reported the following balance sheet information for the last fiscal year. Oriole also reported net sales of $984,400 and days sales in
Oriole Construction, Inc., reported the following balance sheet information for the last fiscal year. Oriole also reported net sales of $984,400 and days sales in inventory of 48.60 days.
Oriole Construction Inc.
Assets
Cash and marketable securities | $15,940 | ||
Accounts receivable | $149,500 | ||
Inventories | $294,090 | ||
Other current assets | $12,630 | ||
Total current assets | $472,160 |
Calculate the firms operating cycle. (Round answer to 2 decimal places, e.g., 12.52.)
Operating cycle ?? days
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