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Explain each variable in the cash conversion cycle formula and use it to calculate it for the given company's data below. Assume a 365-day year.
Explain each variable in the cash conversion cycle formula and use it to calculate it for the given company's data below. Assume a 365-day year. Do not round intermediate calculations and round to he nearest whole day. (10 pts) Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable $45,000,000 $22,500,000 $4,500,000 $1,800,000 $2,500,000
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