Determining the firm cash conversion cycle-dewey corporation

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Please show all calculations and formulas. If using Excel, please show data, formulas, etc.

Practice example 1:

Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what it the firm's cash conversion cycle? You do not have previous year's numbers so you cannot calculate average numbers. Just use data from this year

Annual sales: $45,000

Annual cost of goods sold: $31,500

Inventory: $4,000

Accounts receivable: $2,000

Accounts payable: $2,400

Reference no: EM132505658

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