What is the companys cash conversion cycle, Finance Basics

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What is the companys cash conversion cycle

Problem

A company has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The company's payables deferral period (accounts payable divided by daily purchases) is 30 days. What is the company's cash conversion cycle?

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Finance Basics: What is the companys cash conversion cycle

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