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The companys payables deferral period accounts payable

Carroll & King Corporation has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $120,000. The company's payables deferral period (accounts payable divided by daily purchases) is 30 days. What is C&K's cash conversion cycle?

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Finance Basics: The companys payables deferral period accounts payable

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