Question on cash conversion cycle

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Reference no: EM1348880

Desai 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. 28 days
b. 32 days
c. 35 days
d. 39 days
e. 43 days

Reference no: EM1348880

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