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(Cash conversion cycle) Last year a firm had an inventory days ratio equal to 15 days and a payables period ratio equal to 30 days.
(Cash conversion cycle) Last year a firm had an inventory days ratio equal to 15 days and a payables period ratio equal to 30 days. Calculate the firms cash conversion cycle if its collection period was:
A. zero (all sales on a cash basis)
B. 18 days
C. 30 days
D. 60 days
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