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XYZ Corporation has $15 million of credit sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods

XYZ Corporation has $15 million of credit sales, $2 million of inventories, $3 million of receivables, and $1 million of payables. Its cost of goods sold is 80% of sales, and it finances working capital with bank loans at an 8% rate. Calculate the XYZs cash conversion cycle (CCC).

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