Question: Your supervisor at Clearview Corp. asks you to compute the company's cash conversion cycle. Looking at the financial statements, you see that the average inventory
Your supervisor at Clearview Corp. asks you to compute the company's cash conversion cycle. Looking at the financial statements, you see that the average inventory for the year was$142,800, accounts receivable were $96,500, and accounts payable were $111,600. You also see that the company had sales of $312,000 and that cost of goods sold was $275,000. What is the firm's cash conversion cycle? (Round to the nearest day.)
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