Question: Consider the following performance data for Modular Computers, Inc ( MCI ) . Sales = $ 3 6 . 7 million, cost of goodsisold =

Consider the following performance data for Modular Computers, Inc (MCI).
Sales =$36.7 million, cost of goodsisold =$31.8 million, total average inventory =$366,000, accounts receivable =$2,340,000, accounts payable =$3,290,000, and operating 365 days per year. Compute the cash-to-cash conversion cycle. Do not round intermediate calculations. Round your answer to one decimal place.
day(s)
What does it mean?
The obtained cash-to-cash conversion cycle means that Modular Computers, Inc, recelves customers' payments before 0 MCI has to pay its suppliers. This means that MCI finances its inventory q,
 Consider the following performance data for Modular Computers, Inc (MCI). Sales

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