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Question
Frosty Corporation 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
a. 25 days
b. 28 days
c. 31 days
d. 35 days
e. 38 days
Answer
This answer is hidden. It contains 1 characters.
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