Shulman Inc.has the following data, in thousands.Assuming a 365-day year, what is the firm's cash conversion cycle? $$\begin{array} { l r }
\text { Annual sales } = & \$ 45,000 \
\text { Annual cost of goods sold } = & \$ 30,000 \
\text { Inventory } = & \$ 4,500 \
\text { Accounts receivable } & \$ 1,800 \
\text { Accounts payable } = & \$ 2,500
\end{array}$$
A) 28 days
B) 32 days
C) 35 days
D) 39 days
E) 43 days

Question

Shulman Inc.has the following data, in thousands.Assuming a 365-day year, what is the firm's cash conversion cycle? $$\begin{array} { l r } 
\text { Annual sales } = & \$ 45,000 \
\text { Annual cost of goods sold } = & \$ 30,000 \
\text { Inventory } = & \$ 4,500 \
\text { Accounts receivable } & \$ 1,800 \
\text { Accounts payable } = & \$ 2,500
\end{array}$$
A) 28 days
B) 32 days
C) 35 days
D) 39 days
E) 43 days

Quizplus · Accepted Answer

The Answer of Shulman Inc.has the following data, in thousands.Assuming a 365-day year, what is the firm's cash conversion cycle? $$\begin{array} { l r } 
\text { Annual sales } = & \$ 45,000 \
\text { Annual cost of goods sold } = & \$ 30,000 \
\text { Inventory } = & \$ 4,500 \
\text { Accounts receivable } & \$ 1,800 \
\text { Accounts payable } = & \$ 2,500
\end{array}$$
A) 28 days
B) 32 days
C) 35 days
D) 39 days
E) 43 days

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

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