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Sales $122,800 Cost of Goods Sold 104,380 Accounts Receivable 10,900 Inventory 1,420 Accounts Payable 22,640 Cromwell Incorporated has the information shown above on its annual
Sales $122,800 Cost of Goods Sold 104,380 Accounts Receivable 10,900 Inventory 1,420 Accounts Payable 22,640 Cromwell Incorporated has the information shown above on its annual Income Statement and Balance Sheet (all numbers shown are in thousands). What is Cromwell's cash conversion cycle?
A. -41.8 days
B. 24.3 days
C. 111.6 days
D. -36.1 days
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