(Solution) - Your boss asks you to compute the company s cash conversion -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Your boss asks you to compute the company?s cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was $26,300, accounts receivable were $17,900, and accounts payable were $15,100. You also see that the company had sales of $154,000 and that cost of goods sold was $122,000. Calculate and interpret your firm?s cash conversion cycle.