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4. Frosty Corporation 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

4. Frosty Corporation 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

$31,500

Inventory

$4,000

Accounts receivable

$2,000

Accounts payable

$2,400

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