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What is the firm investment in accounts receivable

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Question - The DIRE Corporation has an inventory conversion period of 75 days, a receivable collection period of 38 days and a payable deferral period of 30 days.

a) What is the length of the firm's cash conversion cycle?

b) If DIRE's annual sales are $3,421,875 and all sales are on credit, what is the firm's investment in accounts receivable?

c) How many times per year does DIRE turn over its inventory?

Reference no: EM133067728

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