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What is the cash conversion cycle for a firm with $3million average inventories, $1.5million average accounts payable, a receivables period of 40 days, and an annual cost of goods sold of $18 million?

a. 14.59 days

b. 46.25 days

c. 70.41 days

d. 136.25 days

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M956645

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