Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm’s cash conversion cycle?
Annual sales = $55,000 Annual cost of goods sold = $38,500 Inventory = $4,000 Accounts receivable = $2,000 Accounts payable = $2,400
Answer 36 days 21 days 28 days 27 days 24 days
Turnitin Report
Formatting
Title Page
Citation
Outline