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The following figures are taken from the financial statements of ABC Ltd, a distributor of frozen foods, for the year ended 31 December last year.
The following figures are taken from the financial statements of ABC Ltd, a distributor of frozen foods, for the year ended 31 December last year.
Sales revenue | $985,000 |
Cost of sales | $414,000 |
Opening inventories | $224,000 |
Closing inventories | $373,000 |
Purchases | $847,000 |
Accounts receivable | $305,000 |
Accounts payable | $141,000 |
All purchases and sales are on credit. There has been no change in the level of trade receivables or payables over the period. Calculate and enter the length of the OCC for the business
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