Determine the number of cash cycles in one year

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Reference no: EM132954800

The following information is provided for an annual period: Average Inventory Balance: 230,000

Sales for the year: 1,450,000

Average Receivable Balance: 150,000

Cost of Goods Sold: 800,000

Average Payable Balance: 65,000

Determine the number of cash cycles in one year.

Reference no: EM132954800

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