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Please show calculations and formula used Calculate the sale-to-cash conversion period based on the following information: average inventories = $100,000; average receivables = $110,000; average
Please show calculations and formula used
Calculate the sale-to-cash conversion period based on the following information: average inventories = $100,000; average receivables = $110,000; average payables = $60,000; cost of goods sold = $217,500; and net sales = $425,000.There is no accruals.
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