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Problem 14.15 Your boss asks you to compute your company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for

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Problem 14.15 Your boss asks you to compute your company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $20,400, accounts receivable averaged $16,900, and accounts payable averaged $18,900. You also see that the company had sales of $174,000 and that cost of goods sold was $139,200. Calculate firm's cash conversion cycle. (Use 365 days for calculation. Round intermediate calculations and final answer to 1 decimal place, e.g. 15.7.) The firm's cash conversion cycle is days. LINK TO TEXT

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