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Quantlative Problemy Winston Ine. is trying to determine the effect of its lnventory tumever fatio and days ssies outstanding an its cash converaion cyde. Winston's
Quantlative Problemy Winston Ine. is trying to determine the effect of its lnventory tumever fatio and days ssies outstanding an its cash converaion cyde. Winston's 2017 sales (all en creda) were 1160,000 and its cost of goods sold was 75\% of sales. It hurned over fts inventary 8.93 times during the year, Its recelvables balance at the end of the year was $13,172.61 and its pnyables balance at the end of the year was $7,417.97. Using this infermation calculate the frem's cash conversion cycie. Assume a 365 .day year. Do not round lntermediate calcuiations. Round your answer to ose decimal place. days
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