Shulman Inc A)28 Days
B)32 Days
C)35 Days
D)39 Days
E)43 Days

question 80

Multiple Choice

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

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

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