Frosty Corporation 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 =
$31,500
Inventory =
$4,000
Accounts receivable =
$2,000
Accounts payable =
$2,400
A) 25 days
B) 28 days
C) 31 days
D) 35 days
E) 38 days

Question

Quizplus · Accepted Answer

The Answer of Frosty Corporation 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 =
$31,500
Inventory =
$4,000
Accounts receivable =
$2,000
Accounts payable =
$2,400
A) 25 days
B) 28 days
C) 31 days
D) 35 days
E) 38 days

Frosty Corporation Has the Following Data,in Thousands