Skip to Content

Business 602 Suppose That Lilymac Photography Has Annual Sales

Submitted by • August 27, 2018

Suppose that LilyMac Photography has annual sales of $319,000, cost of goods sold of $159,000, average inventories of $3,900, and average accounts receivable of $24,400. Assume that all of LilyMac’s sales are on credit. What will be the firm’s operating cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. ) Operating cycledays

Voted by:
Voted by Simon Brooke

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>