Desai Inc Has the Following Data, in Thousands

question 103

Multiple Choice

Desai 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