Nike Company has the following financial data for 2021, inventory turnover of 10, accounts receivable...
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Finance
Nike Company has the following financial data for 2021, inventory turnover of 10, accounts receivable turnover of 12, cost of goods sold of $1.2M and accounts payable of $150K. The cash conversion cycle is?
A. 45.6 days
B. 10 days
C. 21.3 days
D. 91.2 days
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