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Calculate the cash conversion cycle for the following firm: Income statement data: Sales$20,000 Cost of goods sold15,000 Balance sheet data (averages): Inventory2,000 Accounts receivable500 Accounts

Calculate the cash conversion cycle for the following firm:

Income statement data:

Sales$20,000

Cost of goods sold15,000

Balance sheet data (averages):

Inventory2,000

Accounts receivable500

Accounts payable1,000

33.5

73.0

63.9

21.3

82.1

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