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Business, 09.04.2021 03:30 jlink6836

As an operations management consultant, you have been asked to evaluate a furniture manufacturer's cash-to-cash conversion cycle under the following assumptions: sales of $22.5 million, cost of goods sold of $19.7 million, 32 operating weeks a year, total average on hand inventory of $2,100,000, accounts receivable equal to $2,460,000, and accounts payable of $3,720,000. Assume the operating manager reduces total average inventory on-hand by 15 percent by using better operations and supply chain methods. What is the revised cash-to-cash conversion cycle in weeks

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