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Hinkle Inc. makes purchases of $365,000 per year on terms of 2/15, net 30 from its supplier. Its annual revenue is $730,000. It has average

Hinkle Inc. makes purchases of $365,000 per year on terms of 2/15, net 30 from its supplier. Its annual revenue is $730,000. It has average inventories of $40,000 and accounts payable of $60,000. Its average collection period is 30 days.

What is Hinkles cash conversion cycle?

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