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If sales can be maintained at existing levels while lowering inventory by $4,000,000 and accounts receivable by $2,000,000, by how many days would the cash conversion cycle be changed? Use a 365-day year.
a.
-27.4
b.
-28.7
c.
-30.2
d.
-31.7
e.
-33.3
The cash conversion cycle is inventory conversion cycle + a/R cycle -- a/P cycle.
The old cash conversion cycle must first be determined.
(20,000,000 / 219178) + (16,000,000 / 219178) -- 35
= 91.25 + 73 -- 35 = 129.25
The new cash conversion cycle must first be determined.
(16,000,000 / 219178) + (14,000,000...
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