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The following is selected financial information for Luxor Fashions International for the year ended December 31, 2018. Using the information below, make the appropriate calculations

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The following is selected financial information for Luxor Fashions International for the year ended December 31, 2018. Using the information below, make the appropriate calculations for a through e. below and show all work to earn partial credit. (30 POINTS) Sales $15,500,000 COGS 7,875,000 Inventory Accounts Receivable Accounts Payable 3,200,000 1,375,000 1,975,000 a. Calculate the inventory turnover b. Calculate the days payable outstanding c. Calculate the receivables collections period (DSO) d. What is Luxor's inventory conversion period? e Calculate the cash conversion cycle

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