Suppose that LilyMac Photography has annual sales of $232,000, cost of goods sold of $167,000, average...

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Suppose that LilyMac Photography has annual sales of $232,000, cost of goods sold of $167,000, average Inventories of $4,700, average accounts receivable of $25,400, and an average accounts payable balance of $7,200. Assuming that all of LilyMac's sales are on credit, what will be the firm's cash cycle? (Use 365 days a year. Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Cash cycle 33.09 days Suppose that LilyMac Photography has annual sales of $232,000, cost of goods sold of $167,000, average Inventories of $4,700, average accounts receivable of $25,400, and an average accounts payable balance of $7,200. Assuming that all of LilyMac's sales are on credit, what will be the firm's cash cycle? (Use 365 days a year. Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Cash cycle 33.09 days