Libscomb Technologies' annual sales are $6,002,573 and all sales are made on credit, it purchases $3,699,834...

 

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Libscomb Technologies' annual sales are $6,002,573 and all sales are made on credit, it purchases $3,699,834 of materials each year (and this is its cost of goods sold). Libscomb also has $556,457 of inventory, $491,413 of accounts receivable, and beginning and ending of year $415,513 and $426,935 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)? Libscomb Technologies' annual sales are $6,002,573 and all sales are made on credit, it purchases $3,699,834 of materials each year (and this is its cost of goods sold). Libscomb also has $556,457 of inventory, $491,413 of accounts receivable, and beginning and ending of year $415,513 and $426,935 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)?

Answer rating: 100% (QA)

To calculate Libscomb Technologies cash cycle we need to use the following formula textCash Cycle te... View the full answer