Question: (Learning Objectives 4: Computing and evaluating cash collection cycle) Use the Gagnon 20X6 income statement below and balance sheet from Short Exercise 12-6 to compute

(Learning Objectives 4: Computing and evaluating cash collection cycle) Use the Gagnon 20X6 income statement below and balance sheet from Short Exercise 12-6 to compute its cash conversion cycle for the year 20X6. Identify all components of cash conversion cycle clearly.

Do these measures look strong or weak? Give reasons for your answer.

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