Question: Micron Technology has the following data, in thousands. Assuming a 365-day year, what is the company's cash conversion cycle? Annual sales = $45,000 Annual cost

Micron Technology has the following data, in thousands. Assuming a 365-day year, what is the company's cash conversion cycle? Annual sales = $45,000 Annual cost of goods sold = $30,000 Inventory = $3,500 Accounts receivable = $1,800 Accounts payable = $2,500

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