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Suppose that LilyMac Photography has annual sales of $ 2 3 3 , 0 0 0 , cost of goods sold of $ 1 6
Suppose that LilyMac Photography has annual sales of $ cost of goods sold of $ average inventories of $ average accounts receivable of $ and an average accounts payable balance of $
Assuming that all of LilyMacs sales are on credit, what will be the firms cash cycle? Use days a year. Do not round intermediate calculations. Round your final answer to decimal places.
What will be the firms operating cycle? Use days a year. Do not round intermediate calculations. Round your final answer to decimal places.
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