Question: Problem #7 - Working Capital and the Cash Conversion Cycle a) Given the following information: inventory =$20,000, Daily cost of sales =$1,000, Receivables =$12,000, daily

$Problem \#7 - Working Capital and the Cash Conversion Cycle a)$

Problem \#7 - Working Capital and the Cash Conversion Cycle a) Given the following information: inventory =$20,000, Daily cost of sales =$1,000, Receivables =$12,000, daily revenue =$4,000, payables =$8,000, daily purchases = 800 , calculate: 1) Inventory conversion period 2) Receivables conversion period 3) Payables conversion period 4) Cash conversion period

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