Frosty Corporation Has the Following Data, in Thousands A) 25 Days
B) 28 Days
C) 31 Days
D)

question 73

Multiple Choice

Frosty Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
$\begin{array}{lr}\text { Annual sales }= & \$ 45,000 \\\text { Annual cost of goods sold }= & \$ 31,500 \\\text { Inventory }= & \$ 4,000 \\\text { Accounts receivable }= & \$ 2,000 \\\text { Accounts payable }= & \$ 2,400\end{array}$

• A) 25 days
• B) 28 days
• C) 31 days
• D) 35 days
• E) 38 days

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Definitions:

Management

The process of dealing with or controlling things or people, often within a business or organizational setting.

Skills Theory

A leadership theory that focuses on leaders' capabilities, such as technical, human, and conceptual skills, suggesting that leadership depends on one's skills rather than inherent traits.

Common Themes

Recurrent and unifying ideas or motifs found across different works, discussions, or areas of study.

Transactional Leadership

A leadership style that focuses on supervision, organization, and performance; transactional leaders guide or motivate their followers in the direction of established goals by clarifying role and task requirements.