GreakCorporation 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 =	$31,500
Inventory =	$4,000
Accounts receivable =	$2,000
Accounts payable =	$2,400

Select one:

a. 25 daysb. 28 daysc. 31 daysd. 35 dayse. 38 days