Question: please show work Sofia's Sheets is assessing its workeng capial position. Solia's accounts receivable turnover normally is 20 times. its inventory turnover is 12 ,

please show work
please show work Sofia's Sheets is assessing its workeng capial position. Solia's

Sofia's Sheets is assessing its workeng capial position. Solia's accounts receivable turnover normally is 20 times. its inventory turnover is 12 , and its accounts payable turnover is 24 times. This year, the compary expects its cost of goods sold, which equals 75 percent of sales, to be $600,000. Calculate: (a) the cash comversion cycle and (b) the average balances in accounts recelvablo, accounts payable, and inventory

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