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YZ Company has annual sales of $756,448. The cost of goods sold are $453,645. The firm has an accounts receivable balance of $9,142, an accounts
YZ Company has annual sales of $756,448. The cost of goods sold are $453,645. The firm has an accounts receivable balance of $9,142, an accounts payable balance of $21,678 and inventory of $41,824. What is the length of time between paying for materials and collecting on receivables?That is, what is the cash conversion cycle? Assume 365 days. Enter your answer rounded off to two decimal points.
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