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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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