Shulman Inc

question 54

Multiple Choice

Shulman 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

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Definitions:

Prediction Interval

A range of values that is likely to contain the value of an unknown parameter for a given level of confidence.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a specified level of confidence.

Regression Line

A line of best fit through a scatter plot of data points in statistical analysis, showing the relationship between two variables.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.