Question: George Co. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? $800,000 $620,000 $85,000 $150,000 $50,000 Annual
George Co. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? $800,000 $620,000 $85,000 $150,000 $50,000 Annual sales - Annual cost of goods sold - Inventory = Accounts receivable = Accounts payable = O 81.48 days 83.90 days 89.04 days 91.48 days 96.50 days
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