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Last year the Craft Company had revenues = $400 million, COGS = $300 million, average A/R = $10 million, average inventories = $50 million, and

Last year the Craft Company had revenues = $400 million, COGS = $300 million, average A/R = $10 million, average inventories = $50 million, and average A/P = $5 million. Also assume that Craft is offered terms from its suppliers = 1/10 Net 40 and that the company can borrow from its local bank at an interest rate = 15%/year. A) what is Craft's DIO (round to the nearest whole day)? B) what is Craft's DSO (round to the nearest whole day)? ( C) what is Sen's DPO (round to the nearest whole day)? D) what is Craft's cash conversion cycle? E) how long should Craft wait to pay its suppliers?

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