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What is the approximate cash conversion cycle

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Reference no: EM133020951

Question - Consider the following information for a company:

Sales (all credit): $6,000,000;

Cost of Goods Sold: 80% of Sales;

Accounts receivable: $350,000;

Inventory: $600,000;

Accounts payable: $150,000

Required - What is the approximate Cash Conversion Cycle? Use 1 year = 365 days.

Reference no: EM133020951

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