Question: Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year; it has an average collection period of 37 days

Multiple changes in cash conversion cycle Garrett Industries turns over its

Multiple changes in cash conversion cycle Garrett Industries turns over its inventory 5 times each year; it has an average collection period of 37 days and an average payment period of 31 days. The firm's annual sales are $3.2 million. Calculate the firm's operating cycle and its cash conversion cycle. Assume a 365-day year. Garrett's operating cycle, OC, is days. (Round to the nearest whole number.)

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