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Business, 31.12.2019 04:31 kirbymichellrow6zq9

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

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