Question: Excellence Food Processing is evaluating its cash management over the last accounting year. On average, the firm holds inventory for 54 days, collects its receivables

Excellence Food Processing is evaluating its cash management over the last accounting year. On average, the firm holds inventory for 54 days, collects its receivables in 18 days and pays its suppliers in 27 days. The firm has a current annual outlay of 2,548,000 on operating cycle investments. Excellence Food Processing currently pays 13 percent for its negotiated financing (Assume a 365-day year)

Calculate the firm's cash conversion cycle and operating cycle

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