Answer
81 days
Work Step by Step
Company's operating cycle = Average sale period + Average collection period= $28.67+ 52.44= 81.11\approx81$ days
Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 11
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