Question: Data on Marshall Inc. for the most recent year are shown below. The firm's new CFO believes that the company could reduce its receivables by

Data on Marshall Inc. for the most recent year are shown below. The firm's new CFO believes that the company could reduce its receivables by $9,973 to reduce its DSO to the industry average level. If this were done, what is the Cash Conversion Cycle before and after the change respectively? Use a 365-day year. Sales $110,000 Accounts receivable $16,000 Annual COGS $77,000 Average Inventory $3,200 Payables deferral 12 days

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