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Suppose that Ken-Z Art Gallery has annual sales of $886,000, cost of goods sold of $576,000, average inventories of $162,000, average accounts receivable of $131,000,
Suppose that Ken-Z Art Gallery has annual sales of $886,000, cost of goods sold of $576,000, average inventories of $162,000, average accounts receivable of $131,000, and an average accounts payable balance of $68,000. Assuming that all of Ken-Zs sales are on credit, what will be the firms cash cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.)
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