Question: Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year has an average payment period of 23 days, and has an

Changing cash conversion cycle Camp Manufacturing turns over its inventory 5 times each year has an average payment period of 23 days, and has an age ollection period of 64 days. The firm has annual sales of $3.4 million and cost of goods sold of S22 million (Use a 365 day year) Calculate the firm's operating cycle and cash conversion cycle b. What is the dollar value of Inventory held by the firm? c. If the firm could reduce the average age of its inventory from 73 days to 63 days, by how much would it reduce its dollar investment in working capital? a. Camp's operating cycle, OC, is days. (Round to the nearest whole number)

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1. The concepts that are used to describe social situations are mental constructions.

The facts rule: We have a tendency to have more confidence in information that is documented with figures than information that isnt.

The permanence rule: We tend to have more confidence in information that is of a more permanent nature than information that is of a temporary nature.