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A famous manufacturing company has annual turnover of $20 million, the cost of goods sold is around sixty five percent and the average inventory is
A famous manufacturing company has annual turnover of $20 million, the cost of goods sold is around sixty five percent and the average inventory is around $2.5 million. The purchases on credit are 60 percent of cost of goods sold and the average creditor are $3 million. The average debtors are $ 4 million. Please calculate the cash conversion cycle of the company?
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