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TThe following information is for Southern Cross Ventures. Sales (all on credit) $100,000 Cost of Goods Sold 80,000 Accounts receivable 30,000 Inventory 15,000 Accounts Payable

TThe following information is for Southern Cross Ventures.

Sales (all on credit) $100,000

Cost of Goods Sold 80,000

Accounts receivable 30,000

Inventory 15,000

Accounts Payable 40,000

a) What is Southern Cross Cash Conversion Cycle?

b) What does your answer about the cash conversion cycle tells you about Southern Cross use or need for cash?

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