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please solve the entire question. show work please Pen Paper's sales are $81,000,000, EBIT is $24M, cost of goods sold are $51M, and net income
please solve the entire question. show work please
Pen Paper's sales are $81,000,000, EBIT is $24M, cost of goods sold are $51M, and net income is $5,400,000. Account receivables is $9M, inventory is $12,000,000, and account payables $14,000,000. Pen Paper's cost of capital is 12.5% with a marginal tax rate of 30%. Finally, the debt to equity ratio is 140%. . Find the inventory conversion period . Find average collection period or days sales outstanding Find the payable deferral period Find the operating cycle. . . Find the cash conversion cycle Step by Step Solution
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