Problem:
Szabo Company computed the following data for 2003: Days' sales in receivables: 38.7 days Accounts receivable turnover: 9.6 times Accounts receivable turnover in days: 33.1 days Days' sales in inventory: 68.5 days Merchandise inventory turnover: 5.9 times Inventory turnover in days: 58.7 days.
Required:
Question: What is the estimated operating cycle for 2003?
Note: Please answer in proper manner and show all computations