XYZ has annual sales of $277,000 and an annual cost of goods sold of $104,000....
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Accounting
XYZ has annual sales of $277,000 and an annual cost of goods sold of $104,000. Accounts receivable is $14,000; inventory is $12,000; and accounts payable is $19,000. Given that information, compute XYZ's cash conversion cycle. Show your answer to two decimal places, and if it is negative, be sure to include the negative sign.
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