Question: Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's
Quantitative Problem: Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle. Winston's sales all on credit were $ and its cost of goods sold was of sales. It turned over its inventory times during the year. Its receivables balance at the end of the year was $ and its payables balance at the end of the year was $ Using this information calculate the firm's cash conversion cycle. Do not intermediate calculations. Round your answer to the nearest whole number.
days
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