Dewey Corporation Has the Following Data,in Thousands ?
A) 29 Days
B) 25 Days
C) 30 Days

Multiple Choice

Dewey Corporation has the following data,in thousands.Assuming a 365-day year,what is the firm's cash conversion cycle? Do not round intermediate calculations.Round your answer to the nearest day. $\begin{array}{lr}\text { Annual sales = } & \$ 53,000 \\\text { Annual cost of goods sold = } & \$ 37,100 \\\text { Inventory }= & \$ 4,000 \\\text { Accounts receivable }= & \$ 2,000 \\\text { Accounts payable = } & \$ 2,400\end{array}$
?

A) 29 days
B) 25 days
C) 30 days
D) 36 days
E) 33 days