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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 days, an average collection period of days, and a payables deferral period of days. Assume
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 $ 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 of sales. Do not round intermediate calculations. Round
your answer to two decimal places.
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