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ACME corporation sells 3,000 computer chips at a cost of $15 per chip for materials and labor. It takes the firm 40 days to convert

ACME corporation sells 3,000 computer chips at a cost of $15 per chip for materials and labor. It takes the firm 40 days to convert raw materials into a chips. ACME allows its customers 33 days in which to pay for the chips, and the firm generally pays its suppliers in 30 days. What is the length of the cash conversion cycle?

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