Calculate the resources invested in cash conversion cycle

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The following information is available for a company:

average age of inventory of 15 days
average collection period of 30 day
average payment period of 18 days
sales revenue: $720 million
cost of goods sold: $330 million
purchases: $300 million

Question 1: Assuming a 360-day year, calculate the resources invested in the cash conversion cycle. Would you be able to help me step by step how this is done, im clueless.

Reference no: EM132568021

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