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Question 1 5 pts Libscomb Technologies' annual sales are $6,861,688 and all sales are made on credit, it purchases $4,056,954 of materials each year (and
Question 1 5 pts Libscomb Technologies' annual sales are $6,861,688 and all sales are made on credit, it purchases $4,056,954 of materials each year (and this is its cost of goods sold). Libscomb also has $581,948 of inventory, $522,906 of accounts receivable, and beginning and ending of year $420,793 and $430,714 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)
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