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Desai IncHas the Following Data,in Thousands ?
A) 47 Days
B) 56 Days
C) 52 Days

Question 8

Multiple Choice

Desai Inc.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 to the nearest whole day.  Annual sales = $45,000 Annual cost of goods sold = $22,500 Inventory =$4,500 Accounts receivable =$1,800 Accounts payable = $2,500\begin{array}{lr}\text { Annual sales = } & \$ 45,000 \\\text { Annual cost of goods sold = } & \$ 22,500 \\\text { Inventory }= & \$ 4,500 \\\text { Accounts receivable }= & \$ 1,800 \\\text { Accounts payable = } & \$ 2,500\end{array}
?


A) 47 days
B) 56 days
C) 52 days
D) 54 days
E) 58 days

Correct Answer:

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