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| Eagle Sporting Goods has $2.5 million in inventory and $2 million in accounts receivable. Its average daily sales are $100,000. The firm’s payables deferral period is 30 days and average daily cost of sales are $50,000. What is the length of the firm’s cash conversion period? A. 100 days. B. 60 days. C. 50 days. D. 40 days. |
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