Multiple Choice
Desai Inc. 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 = $30,000
Inventory = $4,500
Accounts receivable = $1,800
Accounts payable = $2,500
A) 28 days
B) 32 days
C) 35 days
D) 39 days
E) 43 days
Correct Answer:
Verified
Correct Answer:
Verified
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