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Determine the number of cash cycles or turnover

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The following information is provided for an annual period: Average Inventory Balance: 245,000 Sales for the year: 1,600,000 Average Receivable Balance: 175,000 Cost of Goods Sold: 800,000 Average Payable Balance: 90,000 Determine the number of cash cycles or turnover in one year.

Reference no: EM132817997

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