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Heavy Industries has begun studying ways to improve its efficiency to reduce its Cash Conversion Cycle. Currently, the following information is known: Inventory: 15,000 Accounts

Heavy Industries has begun studying ways to improve its efficiency to reduce its Cash Conversion Cycle. Currently, the following information is known:

Inventory: 15,000

Accounts Payable: 25,000

Cost of Goods Sold: 600,000

It is also known that all of the company's sales are done on credit. On average, 30% of sales are paid by customers 10 days after the sale while the remaining 70% are paid 30 days after the sale.

What is the Cash Conversion Cycle of USC Heavy Industries?

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