Shulman Inc A) 28 Days
B) 32 Days
C) 35 Days
D)

Multiple Choice

Shulman Inc.has the following data, in thousands.Assuming a 365-day year, what is the firm's cash conversion cycle? $$\begin{array} { l r } \text { Annual sales } = & \$ 45,000 \\\text { Annual cost of goods sold } = & \$ 30,000 \\\text { Inventory } = & \$ 4,500 \\\text { Accounts receivable } & \$ 1,800 \\\text { Accounts payable } = & \$ 2,500\end{array}$$

A) 28 days
B) 32 days
C) 35 days
D) 39 days
E) 43 days