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Charlie Company The Balance Sheet and Income Statement of Charlie Company as of and for the twelve months ended December 31, 2016 shows the following

Charlie Company The Balance Sheet and Income Statement of Charlie Company as of and for the twelve months ended December 31, 2016 shows the following information (in thousands): Opening (Prior Period) and Ending balances Accounts Receivable Opening $4,155, Ending. $4,650 Accounts Payable Opening $5,200, Ending $5,750 Inventory Opening $2,150, Ending 3,150 Sales on Credit (12months) $47,450 Cost of Goods Sold (COGS) (12 months) 35,100

Utilizing the information in question 1 for Charlie Company, what was the full cash conversion cycle for the company in 2016? Hint: You will first need to calculate the Days Payables Outstanding - again round up to whole number of days.

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