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The Red Square Marine Products, Inc. has an inventory conversion period of 44 days, a receivables collection period of 20 days, and a payables deferral
The Red Square Marine Products, Inc. has an inventory conversion period of 44 days, a receivables collection period of 20 days, and a payables deferral period of 31 days. The firms average annual sales are $8,221,761. All of the companys sales are made on credit. Based on this information, what is the length of the firms cash conversion cycle? Report your answer rounded to one decimal place.
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