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Oriole Cosmetics calculates that its operating cycle for last year was 76 days. The company had $246,000 in its accounts receivable account and had sales
Oriole Cosmetics calculates that its operating cycle for last year was 76 days. The company had $246,000 in its accounts receivable account and had sales of $2.30 million. Approximately how many days does it take from the time the raw materials are received at Oriole until the finished products they are used to produce are sold? (Use 365 days for calculation. Round answer to 1 decimal place, e.g. 25.1.)
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