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Tavern Lucky House nc. has $2 million in inventory and $5 million in accounts receivable. Its average daily sales are $100,000 and daily purchases are

Tavern Lucky House nc. has $2 million in inventory and $5 million in accounts receivable. Its average daily sales are $100,000 and daily purchases are $50,000. The companys payables deferral period (accounts payable divided by daily purchases) is 40 days. What is the length of the companys cash conversion cycle?

50 days

40 days

30 days

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