Shulman Inc A) 28 Days
B) 32 Days
C) 35 Days
D)

Shulman Inc.has the following data,in thousands.Assuming a 365-day year,what is the firm's cash conversion cycle? $$\begin{array} { l l } \text { Angual sales } = & \$ 45,000 \\\text { Annual cost of goads sold } = & \$ 30,000 \\\text { Inventory } = & \$ 4,500 \\\text { Accaunts recervable } = & \$ 1,800 \\\text { Accaunts payable } = & 2,500\end{array}$$

A) 28 days
B) 32 days
C) 35 days
D) 39 days
E) 43 days

Correct Answer:

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