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Carew corporation has the following data, in thousands. Assuming a 365 day year, what is the firm's cash conversion cycle? Do not round intermediate calculations.
Carew corporation has the following data, in thousands. Assuming a 365 day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round your answer to the nearest day.
Annual Sales = $58,000
Annual cost of goods sold = $40,600
Inventory = $4,000
Accounts receivable = $2,000
Accounts Payable = $2,400
Answers options:
23 days
27 days
30 days
20 days
22 days
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Handbook Of Global Financial Markets
Authors: Sabri Boubaker, Duc Khuong Nguyen
1st Edition
9813236647, 978-9813236646
