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Calculate the cash conversion cycle for the following firm: Income statement data: Sales $20,000 Cost of goods sold 15,000 Balance sheet data (averages): Inventory 2,000
Calculate the cash conversion cycle for the following firm:
Income statement data: | |
Sales | $20,000 |
Cost of goods sold | 15,000 |
Balance sheet data (averages): | |
Inventory | 2,000 |
Accounts receivable | 500 |
Accounts payable | 1,000 |
33.5
63.9
21.3
73.0
82.1
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