Question: I will give a like, please help. Libscomb Technologies' annual sales are $6,281,063 and all sales are made on credit, it purchases $3,873,432 of materials
Libscomb Technologies' annual sales are $6,281,063 and all sales are made on credit, it purchases $3,873,432 of materials each year (and this is its cost of goods sold). Libscomb also has $569,315 of inventory, $502,756 of accounts receivable, and beginning and ending of year $404,034 and $427,031 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)
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