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Problem 15-4 Cash conversion cycle Zane Corporation has an inventory conversion period of 56 days, an average collection period of 36 days, and a payables deferral period of 31 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are 3,511,920 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do not round intermedia
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