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Company A's for 2018 had $58,266.74M in Sales, $31,172.25M Cost of goods sold. The account receivable was $5,799.97M. Finally the inventory and accounts payable were
Company A's for 2018 had $58,266.74M in Sales, $31,172.25M Cost of goods sold. The account receivable was $5,799.97M. Finally the inventory and accounts payable were $3,000.19M and $12,398.62M respectively. The company increases sales by36% However keeping the same inventory. Applying the percent of sales method what would be the new CCC?
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