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Bania Inc. has annual sales of $17 million, inventory levels of $2.5 million, receivables of $3.5...

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Finance

Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million.  The firms cost of goods sold is 80% ofsales.

What is Bania’s CCC?

Please show all work step by step.

Answer & Explanation Solved by verified expert
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Formula of Cash conversion cycle is as below Days inventory outstanding DIO Days sales outstanding DSO Days payable outstanding DPO We need to calculate DIO    See Answer
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Bania Inc. has annual sales of $17 million, inventory levels of$2.5 million, receivables of $3.5 million, and payables of $1.25million.  The firms cost of goods sold is 80% ofsales.What is Bania’s CCC?Please show all work step by step.

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