Shulman Inc A) 28 Days
B) 32 Days
C) 35 Days
D)

question 6

Multiple Choice

Shulman Inc.has the following data, in thousands.Assuming a 365-day year, what is the firm's cash conversion cycle? $$\begin{array} { l r } \text { Annual sales } = & \$ 45,000 \\\text { Annual cost of goods sold } = & \$ 30,000 \\\text { Inventory } = & \$ 4,500 \\\text { Accounts receivable } & \$ 1,800 \\\text { Accounts payable } = & \$ 2,500\end{array}$$

• A) 28 days
• B) 32 days
• C) 35 days
• D) 39 days
• E) 43 days

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Definitions:

Yeast

Single-celled fungus.

Inclusive Fitness

Genetic contribution an individual makes by reproducing, plus a fraction of the contribution it makes by facilitating reproduction of relatives.

Altruistic Behavior

Actions by an individual that benefit others at a cost to oneself, observed in social species, which may promote cooperation and social cohesion.

Kin Selection

Type of natural selection in which individuals with the highest inclusive fitness are favored.