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What is klone corps cash conversion cycle

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Reference no: EM132811771

Problem 1: Klone Corp has $12 million of sales, $3 million of inventories, $3.25 million of receivables, and $1.25 million of payables. Its cost of goods sold is 75% of sales, and it finances working capital with bank loans at an 8% rate. What is Klone Corps cash conversion cycle (CCC)? Round to the nearest day.

Reference no: EM132811771

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