Desai inc. has the following data in thousands. assuming a, Ask an Expert

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Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? show your calculation.

Annual sales = S45,000

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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Accounting Basics, Accounting

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