Lilly Bakery distributes its products to more than 75 restaurants and delis. The companys average collection period
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Lilly Bakery distributes its products to more than 75 restaurants and delis. The company’s average collection period is 27 days, and it keeps its inventory for an average of four days. What is Lilly’s operating cycle?
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DSI 4 days DSO 27 da...View the full answer
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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