You were recently hired as CFO to improve the performance of Dennis Systems, which is highly profitable but has been experiencing cash shortages due to its high rate of growth. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, what is your estimate of the firm's present cash conversion cycle? inventory: $75,000 Annual sales: $602,250 accounts receivable: $70,000 accounts payable: $35,000 cost of goods sold: $421,575

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