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A company 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
A company 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 = | $30,000 |
| Inventory = | $4,500 |
| Accounts receivable = | $1,800 |
| Accounts payable = | $2,500 |
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