The following financial information is for international CargoJet Inc. (ICT): Sales (all on credit) Cost...
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The following financial information is for international CargoJet Inc. (ICT): Sales (all on credit) Cost of Goods Sold Accounts receivable Inventory Accounts Payable $150.000 122,000 13,800 13,200 9,200 a. What is ICI's Cash Conversion Cycle? (4 marks) b) What does the Cash Conversion Cycle tell you about ICI's use of working capital? (1 mark)
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