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Suppose that Freddie's Fries has annual sales of $550,000; cost of goods sold of $425,000; average inventories of $14,000; average accounts receivable of $30,000, and
Suppose that Freddie's Fries has annual sales of $550,000; cost of goods sold of $425,000; average inventories of $14,000; average accounts receivable of $30,000, and an average accounts payable balance of $25,000. Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle? (Round your answer to 2 decimal places.)
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