Question
Shulman 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
Shulman 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 =$30,000 Inventory =$4,500 Accounts receivable =$1,800 Accounts payable =$2,500
a. 35 days
b. 32 days
c. 43 days
d. 39 days
e. 28 days
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
