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Business, 19.08.2021 20:40 anitadefrances

Spartan Sporting Goods has $5 million in inventory and $2 million in accounts receivable. Its average daily sales are $100,000. The company’s payables deferral period (accounts payable divided by daily purchases) is 30 days. What is the length of the company’s cash conversion cycle?

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Spartan Sporting Goods has $5 million in inventory and $2 million in accounts receivable. Its averag...

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