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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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