Question: =+LG 2 P153 Multiple changes in cash conversion cycle Antonio is an analyst at Barrilla Group. The firm turns over its inventory 5 times each

=+LG 2 P15–3 Multiple changes in cash conversion cycle Antonio is an analyst at Barrilla Group.

The firm turns over its inventory 5 times each year. It has an average collection period of 50 days and an average payment period of 20 days. The firm’s annual sales are €12 million. Assume there is no difference in the investment per euro of sales in inventory, receivables, and payables, and assume a 365-day year.

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