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Inmoo Company’s average age of accounts receivable is 38 days, the average age of accounts payable is 40 days, and the average age of inventory is 69 days. Assuming a 365-day year, what is the length of its cash (conversion) cycle?
1. 80 days
2. 67 days
3. 55 days
4. 64 days
5. 76 days