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Lowell Inc. has $ 2 million in inventory and $ 5 million in accounts receivable. Its average daily sales are $ 1 0 0 ,
Lowell Inc. has $ million in inventory and $ million in accounts receivable. Its average daily sales are $ and daily purchases are $ The companys payables deferral period accounts payable divided by daily purchases is days. What is the length of the companys cash conversion cycle?
days
days
days
days
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