Desai Inc. 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 =$38,000 Inventory =$4,500 Accounts receivable =$1,800 Accounts payable =$2,500

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Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 50. If the firm chooses to pay on time but does not take the discount, what is the effective annual percentage cost of its nonfree trade credit? (Assume a 365-day year.)

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Sapp Trucking