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Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Can you please give correct answer for this accounting question?

Transcribed Image Text:Income statement data:
Sales
$6,800
Cost of goods sold 6,000
Balance sheet data:
Inventory
$ 670
Accounts receivable 290
Accounts payable
450
Calculate the cash conversion cycle for the above firm (Use
365 days in a year. Do not round intermediate calculations.
Round answers to 1 decimal place.)
Expert Solution
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