Shulman Inc. has the following data, in thousands assuming a 365-day year: Annual sales =$45,000 Annual cost

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Shulman Inc. has the following data, in thousands assuming a 365-day year:

Annual sales =$45,000

Annual cost of goods sold =$30,000

Inventory =$4,500

Accounts receivable =$1,800

Accounts payable =$2,500

What is the firm's cash conversion cycle?

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Horngrens Financial And Managerial Accounting The Financial Chapters

ISBN: 9780134486840

6th Edition

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

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Posted Date: Apr 15, 2023 01:38 AM

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Shulman Inc. has the following data, in thousands assuming a 365-day year: Annual sales =$45,000 Annual cost

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Answer Explanation INVENTORY CONVERSION PERIOD365 DAYS X INVENTORYCOGS 365 X 450... View the full answer

Horngrens Financial And Managerial Accounting The Financial Chapters

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