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Sales $150,000 Cost of Goods Sold $109,500 Accounts Receivable $60,000 Inventory $15,000 Accounts Payable $21,900 Excel Inc. has the information shown above on its annual
Sales $150,000
Cost of Goods Sold $109,500
Accounts Receivable $60,000
Inventory $15,000
Accounts Payable $21,900
Excel Inc. has the information shown above on its annual Income Statement and Balance Sheet. What is the firm's cash conversion cycle in days? Assume there are 365 days in a year.
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