Question: Explain each variable in the cash conversion cycle formula and use it to calculate it for the given company's data below. Assume a 365-day year.

 Explain each variable in the cash conversion cycle formula and use

Explain each variable in the cash conversion cycle formula and use it to calculate it for the given company's data below. Assume a 365-day year. Do not round intermediate calculations and round to he nearest whole day. (10 pts) Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable $45,000,000 $22,500,000 $4,500,000 $1,800,000 $2,500,000

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