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Suppose that Ken-Z Art Gallery has annual sales of $874,000, cost of goods sold of $564,000, average inventories of $150,000, average accounts receivable of $119,000,
Suppose that Ken-Z Art Gallery has annual sales of $874,000, cost of goods sold of $564,000, average inventories of $150,000, average accounts receivable of $119,000, and an average accounts payable balance of $81,000. Assuming that all of Ken-Zs sales are on credit, what will be the firms cash cycle?
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