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Giant Corp has $17 million of sales, $3 million of inventories, $2 million of receivables, and $2.75 million of payables. Its cost of goods sold
Giant Corp has $17 million of sales, $3 million of inventories, $2 million of receivables, and $2.75 million of payables. Its cost of goods sold is 75% of sales, and it finances working capital with bank loans at a 9% rate. Assume 365 days in a year for your calculations. What is Giant's cash conversion cycle (CCC)? Do not round intermediate calculations. Round final answer to 2 decimal places.
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