Calculate cash conversion cycle, Finance Basics

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Calculate cash conversion cycle

Problem

In 2015 Super Mega Storm, Inc. has $9,398,310 in credit sales, $417,237, in Accounts Receivable, $293,799 in Accounts Payable, and $645,505 in credit sales in Inventories. Cost of Goods Sold that year was $2,408,887 = 0.6*9,398,310. Use 365-days a year.

Using a 365-day year, calculate cash conversion cycle.

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Finance Basics: Calculate cash conversion cycle

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