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The Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = Annual cost
The Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = Accounts payable = $45,000 $31,500 $4,000 $2,000 $2,400 a. 25 days b. 28 days c. 31 days d. 35 days e. 38 days (Points : 30)
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