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Trimaz Co. has the following selected information from its financial statements: Required: 1. Calculate the cash conversion cycle for 209 and 208. (Use closing balances,
Trimaz Co. has the following selected information from its financial statements: Required: 1. Calculate the cash conversion cycle for 209 and 208. (Use closing balances, rather than average balances, in the calculations.) (Do not round your intermediate calculations. Round your final answers to 1 decimal place. Use 365 days in a year.) 2. The company would like to improve its cash conversion cycle by three days by changing its days in inventory for 209. What would the revised inventory balance have to be to accomplish this reduction? (Round your intermediate calculations to 1 decimal place and final answer to the nearest dollar amount. Use 365 days in a year.)
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