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Smila Company collects from customers in 60 days and pays to suppliers in 40 days....

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Accounting

Smila Company collects from customers in 60 days and pays to suppliers in 40 days. If its Cash Conversion Cycle for 2021 has 55 days, what is the Average Inventory Period (Days Inventory Outstanding) for this company?

Provide result, and explanation with reasoning.

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