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STM Manufacturing turns over inventory 6 times a year, has an payables conversion period of 40 days, receivables conversion period of 60 days, annual sales

STM Manufacturing turns over inventory 6 times a year, has an payables conversion period of 40 days, receivables conversion period of 60 days, annual sales of $5 million and cost of goods sold of $3 million. Calculate the firms cash conversion cycle using a 365 day year.

(Round to the nearest tenth)

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