Frosty Corporation Has the Following Data,in Thousands A)25 Days
B)28 Days
C)31 Days
D)35 Days
E)38 Days

Frosty Corporation has the following data,in thousands.Assuming a 365-day year,what is the firm's cash conversion cycle? $$\begin{array} { l l } \text { Annual sales } = & \$ 45,000 \\\text { Annual cost of goods sold } = & \$ 31,500 \\\text { Inventory } = & \$ 4,000 \\\text { Accounts receivable } = & \$ 2,000 \\\text { Accounts payable } = & \$ 2,400\end{array}$$

A) 25 days
B) 28 days
C) 31 days
D) 35 days
E) 38 days