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Zane Corporation has an inventory conversion period of 8 2 days, an average collection period of 2 6 days, and a payables deferral period of

Zane Corporation has an inventory conversion period of 82 days, an average collection period of 26 days, and a payables deferral period of 39 days. Assume 365
days in year for your calculations.
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.angth of the cash conversion cycle? Round your answer to two decimal places.
days
b. If Zane's annual sales are $2,395,325 and all sales are on credit, what is the investment in accounts recele
your answer to the nearest cent.
$
c. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Do not round intermediate calculations. Round
your answer to two decimal places.
x
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