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Bania Inc. has annual sales of $17 million, inventory levels of $2.5 million, receivables of $3.5...

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Finance

Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million.  The firms cost of goods sold is 80% ofsales.

What is Bania’s CCC?

Please show all work step by step.

Answer & Explanation Solved by verified expert
4.0 Ratings (494 Votes)
Formula of Cash conversion cycle is as below Days inventory outstanding DIO Days sales outstanding DSO Days payable outstanding DPO We need to calculate DIO    See Answer
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Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million.  The firms cost of goods sold is 80% ofsales.What is Bania’s CCC?Please show all work step by step.

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