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Carmax Inc estimates that the company takes 42 days on average to pay off its suppliers. It also knows that it has days' sales in

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Carmax Inc estimates that the company takes 42 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 64 days and days sales' outstanding of 111 days. What is its cash conversion cycle? 142 days 133 days none of the answers is correct. 62 days 87 days D Question 12 1 pts BB&T Corp offers its customers payment terms of 4/15 EOM, net 65. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations. Round final answer to two decimal places) 34.72% 29.12% 52.34% none of the answers is correct. 16.90%

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