Question: Hi , can you help with this question? Case to answer and discuss. ABC Company is a small retail business that specializes in selling sports

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Case to answer and discuss. ABC Company is a small retail business that specializes in selling sports equipment. The company's sales have been steady over the past few years, but its profits have been decreasing due to poor working capital management. Specifically, the company has been struggling to manage its inventory and pay its bills on time, which has resulted in a long cash conversion cycle. Some important information on ABC company: Accounts Receivable Average Inventory Accounts Payable Sales Cost of Goods Sold Average cash conversion cycle (industry average) $120.000 $300,000 $9.000 $960.000 $120.000 50-60 days In this case study, you are required to perform the following tasks: l. Conduct a detailed analysis of ABC Company's Cash Conversion Cycle (CCC) and compare it with industry benchmarks. Based on your analysis, draw conclusions on how well ABC Company is managing its working capital.

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