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Suppose that Freddie's Fries has annual sales of $630,000; cost of goods sold of $505,000; average inventories of $22,000; average accounts receivable of $38,000, and
Suppose that Freddie's Fries has annual sales of $630,000; cost of goods sold of $505,000; average inventories of $22,000; average accounts receivable of $38,000, and an average accounts payable balance of $33,000. 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.) A.)14.07 B.) 1.83 C.) 61.77 D.) 37.92
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