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Sagot :
Answer: 0.785 days
Explanation:
Cash conversion cycle = Days inventory outstanding + Days sales outstanding – Days payable outstanding
Days inventory outstanding = 365/inventory turnover
= 365 / 50
= 7.3 days
Days sales outstanding = 365 / 8
= 45.625 days
Days payable outstanding = 365 / 7
= 52.14 days
Cash conversion cycle = 7.3 + 45.625 - 52.14
= 0.785 days
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