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Calculate the company operating cycle

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Kraaifontein manufacturing turns its inventory 9.1 times each year has an average payment period of 35 days and has an average collection period of 60 days. The company's annual sales are R72 million. Its cost of goods sold represents 50 percent of sales and its purchases represent 80 percent of cost of goods sold. Assume a 365-day year. how do I calculate the company's operating cycle and cash conversion cycle?

Reference no: EM132104976

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