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AALE Brewing Inc. has $5 million of inventory and $2.5 million of accounts receivable. Its average daily COGS is $109,000 and average daily sales are
AALE Brewing Inc. has $5 million of inventory and $2.5 million of accounts receivable. Its average daily COGS is $109,000 and average daily sales are $120,000. The company's payables deferral period is 17.6 days. What is their cash conversion cycle? Input your answer rounded to two decimal places and do not add any symbols such as $,% or commas
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