Dewey Corporation has the following data, in thousands. Assuming a 365-day year
Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm’s cash conversion cycle?
Annual sales = $55,000
Annual cost of goods sold = $38,500
Inventory = $4,000
Accounts receivable = $2,000
Accounts payable = $2,400
Answer
36 days
21 days
28 days
27 days
24 days
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper Now