Question: Please explain the correct approach for solving this general accounting question. Coastal Manufacturing has projected sales of $60,000,000 for next year with a cost of

Please explain the correct approach for solving this general accounting question.

Coastal Manufacturing has projected sales of $60,000,000 for next year with a cost of goods sold of 75%. The company currently maintains $7,500,000 in inventories, $5,400,000 in accounts receivable, and $4,900,000 in accounts payable. What is Coastal Manufacturing's cash conversion cycle

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