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Greshak Corp. has the following financial data, in millions. Assuming a 365-day year, what is the company's cash conversion cycle? Annual sales = $60,000 Annual
Greshak Corp. has the following financial data, in millions. Assuming a 365-day year, what is the company's cash conversion cycle?
| Annual sales = | $60,000 |
| Annual cost of goods sold = | $48,000 |
| Inventory = | $ 5,400 |
| Totalassets = | $50,500 |
| Accounts receivable = | $ 6,500 |
| Accounts payable = | $ 4,200 |
Select one:
A. 25 daysB. 28 daysC. 32 daysD. 35 daysE. 48 days
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
