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Company XYZ has the following information: Annual credit sales = $50 million Cost of goods sold = $36 million Inventory = $10 million Accounts receivable

Company XYZ has the following information:

Annual credit sales = $50 million

Cost of goods sold = $36 million

Inventory = $10 million

Accounts receivable = $11.2 million

Accounts payable outstanding = $ 8 million

Compute the companys operating cycle and cash conversion cycle.

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