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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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