Calculate the firm cash conversion cycle

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You have recently been hired to analyze a firm's cash conversion cycle. Using the following information and a 365-day year: Current inventory = $120,000; Annual sales = $600,000; Accounts receivable = $157,808; Accounts payable = $25,000; Total annual purchases = $365,000. Calculate the firm's cash conversion cycle (CCC). Which of the following methods can be used to improve the firm's cash conversion cycle?

Reference no: EM133275228

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