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Parramore Corp has $ 2 0 million of sales, $ 1 million of inventories, $ 2 , 2 5 million of receivables, and $ 1
Parramore Corp has $ million of sales, $ million of inventories, $ million of receivables, and $ million of payables. It's cost of goods sold is and it finances working capital with bank loans at an rate. Assume days in year for your calculations.
What is Parramore's cash conversion cycle CCC Do not round intermediate calculations. Round your answer to two decimal places.
If Parramore could lower its inventories,
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