Dewey Corporation Has the Following Data,in Thousands ?
A) 29 Days
B) 25 Days
C) 30 Days

question 38

Multiple Choice

Dewey Corporation has the following data,in thousands.Assuming a 365-day year,what is the firm's cash conversion cycle? Do not round intermediate calculations.Round your answer to the nearest day. $\begin{array}{lr}\text { Annual sales = } & \$ 53,000 \\\text { Annual cost of goods sold = } & \$ 37,100 \\\text { Inventory }= & \$ 4,000 \\\text { Accounts receivable }= & \$ 2,000 \\\text { Accounts payable = } & \$ 2,400\end{array}$
?

• A) 29 days
• B) 25 days
• C) 30 days
• D) 36 days
• E) 33 days

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Definitions:

Two-tailed Test

A statistical hypothesis test in which the area of rejection is on both ends of the sampling distribution, allowing for the investigation of deviations in two opposite directions.

Prediction

The act of forecasting or estimating future values or outcomes based on current or past data.

Correlation Coefficient

A numerical measure that quantifies the degree and direction of the relationship between two variables.

Association

A statistical relationship between two or more variables, indicating that changes in one variable are related to changes in another variable, without implying causation.