Firm A has Sales for the year totaling $ 360,000. The Gross Margin for the...
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- Firm A has Sales for the year totaling $ 360,000. The Gross Margin for the firm is 50% and the firm has a 360 day business year. At year-end, the firm had $ 40,000 in Inventory, $ 30,000 in Accounts Receivable, and $ 30,000 in Accounts Payable. Based upon the information provided, determine the Cash Conversion Cycle (CCC) for Firm A.
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