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8. At the beginning of year 1, inventory is $1,000, accounts payable are $200, and accounts receivable are $900. At the beginning of year
8. At the beginning of year 1, inventory is $1,000, accounts payable are $200, and accounts receivable are $900. At the beginning of year 2, inventory is $1,200, accounts payable are $250, and accounts receivable are $930. If the cost of goods sold is $5,000 and total credit sales is $8,000, what is the cash conversion cycle?
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