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value: 8.34 points Problem 14-15 Cash Cycle (LG14-3) Suppose that LilyMac Photography has annual sales of $239,000, cost of goods sold of $174,000, average inventories

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value: 8.34 points Problem 14-15 Cash Cycle (LG14-3) Suppose that LilyMac Photography has annual sales of $239,000, cost of goods sold of $174,000, average inventories of $5,400, average accounts receivable of $26,800, and an average accounts payable balance of $7,900 Assuming that all of LilyMac's sales are on credit, what will be the firm's cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Cash cycle days Hints References eBook &Resources Hint#1

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