Problem:
Suppose that Freddie's Fries has annual sales of $570,000; cost of goods sold of $445,000; average inventories of $16,000; average accounts receivable of $32,000, and an average accounts payable balance of $27,000.
Required:
Question: Assuming that all of Freddie's sales are on credit, what will be the firm's cash cycle?
Note: Please show guided help with steps and answer.