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Use the following information on General Motors (GM) to estimate its cash conversion cycle, using a 365-day year: Accounts receivable = $34.244bn, Inventories =$10.235bn, Accounts
Use the following information on General Motors (GM) to estimate its cash conversion cycle, using a 365-day year: Accounts receivable = $34.244bn, Inventories =$10.235bn, Accounts payable =$39.865bn, Sales =$122.485bn, Cost of Goods Sold =$108.813bn. Hint: you can use the answer from question 11 to simplify your calculations. 15.48 days 3.93 days 2.66 days 12.82 days 16.75 days
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