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Determine what is the firm cash conversion cycle

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Problem 1: 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

Reference no: EM132614847

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