Consider the following performance data for Modular Computers, Inc $($MCI$).$

Question $5$ of $6$

Sales $=$$$39\mathrm{.}8$ million, cost of goods sold $=$$$30\mathrm{.}8$ million, total average inventory $=$$$324,000,$ accounts receivable $=$$$2,170,000,$ accounts payable $=$$$3,480,000,$ 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. receives customers' payments MCI has to pay its suppliers. This means that MCI finances its inventory

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Partially Correct