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Calculation: In the month of January, Reliance® Auto sold 60 vehicles and had accounts receivable of $160,000.00. If a vehicle costs $40,000, account payable is $240,000 and the cost of sales is 72%, and the current value of total inventory is $500,000.00, what would the average daily sales, the average days of accounts receivable, the average daily cost of sales, the average days of inventory, and Cash to cash cycle time.
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