Multiple Choice
Shulman 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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