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You are provided with the following information of company XYZ (Pty) Ltd.Sales (all on credit) R 653026
COGS / Sales 87%
Inventory turnover 13
Accounts Receivable R 597390
Accounts Payable R 298956
Credit purchases R 265243
Calculate the cash conversion cycle in days. (Hint: any part of a day constitutes 1 full day)
1) Inventory Conversion period:
2) Days Sales Outstanding
3) Payables deferral period
4) Cash conversion cycle
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