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XYZ Company has annual sales of $747,119. The cost of goods sold are $345,898. The firm has an accounts receivable balance of $8,636, an accounts
XYZ Company has annual sales of $747,119. The cost of goods sold are $345,898. The firm has an accounts receivable balance of $8,636, an accounts payable balance of $9,233 and inventory of $25,909.
What is the lengh of time between paying for materials and collecting on receivables?That is, what is the cash conversion cycle? Assume 365 days.
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