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ABC Company has the following data, in thousands. Annual sales $47,193 Annual cost of goods sold 60% of annual sales Inventory $4,119 Accounts receivable $2,153
ABC Company has the following data, in thousands. Annual sales $47,193 Annual cost of goods sold 60% of annual sales Inventory $4,119 Accounts receivable $2,153 Accounts payable $2,656 Assuming a 365-day year, what is the company's cash conversion cycle (in days)? Round your answer to one decimal of a whole number, but do not include days, e.g., xx.x. (Hint: Use the Cash Conversion Cycle formula.)
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