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Alta Custom Inc. has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The companys payables deferral period

Alta Custom Inc. has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The companys payables deferral period (accounts payable divided by daily purchases) is 31 days. What is their cash conversion cycle?

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