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Calculate the total amount held

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Reference no: EM132203740

A company has annual sales revenues of $30 million and the following working capital periods:

                                                                  Month

Inventory conversion period                           2.5

Accounts receivable collection period                2

Accounts payable payment period                   1.5

Production costs represent 70% of sales revenue.

Calculate the total amount held in working capital excluding cash and cash equivalents.

Reference no: EM132203740

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