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Sonic Corporation has an inventory conversion period of 8 7 days, an average collection period of 4 2 days, and a payables deferral period of
Sonic Corporation has an inventory conversion period of days, an average collection period of days, and a payables deferral period of days.
a What is the length of the cash conversion cycle of the company?
b If Sonic's annual sales are $ and all sales are on credit, what is the investment in accounts receivable?
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