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

question 102

Multiple Choice

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

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

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