Question: Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 69 days, an average collection period of 40 days, and a payables deferral period

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 69 days, an average collection period of 40 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations.

How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.

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