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Answer to Question #39655 in Finance for Dominic Travis Tatum

Question #39655
2. Burger King Corp has $30 million of sales, $4 million of inventories, $6 million of receivables and $2 million of payables. Its cost of goods sold is 90 percent of sales. What is Burger King’s Cash Conversion Cycle? If Burger King could lower its inventories and receivables by 15 percent each and increase its payables by 15 percent, all without affecting either sales or cost of goods sold, what would be the new CCC?
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