Question: Please solve step by step. thank you. Question 1 5 pts Libscomb Technologies' annual sales are $5,810,340 and all sales are made on credit, it
Please solve step by step. thank you.
Question 1 5 pts Libscomb Technologies' annual sales are $5,810,340 and all sales are made on credit, it purchases $3,526,705 of materials each year (and this is its cost of goods sold). Libscomb also has $579,622 of inventory, $515,556 of accounts receivable, and beginning and ending of year $464,897 and $423,479 accounts payables (respectively). Assume a 365 day year. What is Libscomb's Cash Cycle (in days)
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