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the cash conversion cycle of company x is closest to: Company X has the following financial information available. The cash conversion cycle of the company
the cash conversion cycle of company x is closest to:
Company X has the following financial information available. The cash conversion cycle of the company is closest to: \begin{tabular}{|l|r} \hline \multicolumn{2}{|c}{ Company X financial information (in \$ millions) } \\ \hline Credit Sales & \\ \hline Cost of goods sold & $55 \\ \hline Average accounts receivable & $30 \\ \hline Inventory at t=0 & $14 \\ \hline Inventory at t=1 & $9 \\ \hline Average trades payable & \\ \hline OUTPUT & \\ \hline & \\ \hline Inventory turnover & \\ \hline Number of days of inventory & \\ \hline Receivables turnover & \\ \hline Number of days of receivables & \\ \hline Payables turnover & \\ \hline Number of days of payables & \\ \hline & \\ \hline Operating cycle & \\ \hline \end{tabular} Step by Step Solution
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