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Consider the following information for Firm D in the year 2020. Calculate the Cash Conversion Cycle. Accounts Receivable $2 million Inventory $3 million Accounts Payable

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Consider the following information for Firm D in the year 2020. Calculate the Cash Conversion Cycle. Accounts Receivable $2 million Inventory $3 million Accounts Payable $2.5 million Sales $17 million Cost of Goods Sold $12 million Short-term Debt $1 million Long-term Debt $5 million 51 days 58 days 62 days 55 days

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