Question: ABC 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

ABC 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 =

$38,000
Inventory =

$4,500
Accounts receivable =

$1,800
Accounts payable =

$2,500
1.

33 days
2.

34 days
3.

37 days
4.

39 days
5.

26 days

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