Libscomb Technologies' annual sales are $5,223,062 and all sales are made on credit, it purchases $3,575,756 of material

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Libscomb Technologies' annual sales are $5,223,062 and all sales are made on credit, it purchases $3,575,756 of material

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Libscomb Technologies Annual Sales Are 5 223 062 And All Sales Are Made On Credit It Purchases 3 575 756 Of Material 1
Libscomb Technologies Annual Sales Are 5 223 062 And All Sales Are Made On Credit It Purchases 3 575 756 Of Material 1 (31.79 KiB) Viewed 11 times
Libscomb Technologies' annual sales are $5,223,062 and all sales are made on credit, it purchases $3,575,756 of materials each year (and this is its cost of goods sold). Libscomb also has $576,797 of inventory, $542,091 of accounts receivable, and $488,029 of accounts payable. Assume a 365 day year. What is Libscomb's Operating Cycle (in days)?
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