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Desai Inc. has the following data, in thousands. Assuming a 365 -day year, what is the firm's cash conversion cycle? Do not round intermediate calculations.
Desai Inc. 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 to the nearest whole dlay. \begin{tabular}{lr} Annual sales = & $45,000 \\ Annual cost of goods sold = & $22,000 \\ Inventory = & $4,500 \\ Accounts receivable = & $1,800 \\ Accounts payable = & $2,500 \end{tabular} 48days 42days40days58days 51days
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