## (Solved) BUSINESS 602 - Suppose that Ken-Z Art Gallery has annual sales of \$902,000

Suppose that Ken-Z Art Gallery has annual sales of \$902,000, cost of goods sold of \$592,000, average inventories of \$178,000, average accounts receivable of \$111,000, and an average accounts payable balance of \$55,000. Assuming that all of Ken-Z’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Cash cycledays

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This question was answered on: Oct 15, 2019

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