Multiple Choice
Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $45,000
Annual cost of goods sold = $31,500
Inventory = $4,000
Accounts receivable = $2,000
Accounts payable = $2,400
A) 25 days
B) 28 days
C) 31 days
D) 35 days
E) 38 days
Correct Answer:
Verified
Correct Answer:
Verified
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