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Dewey Corporation has the following data, in thous...

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Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Annual sales = $55,000 Annual cost of goods sold = $38,500 Inventory = $4,000 Accounts receivable = $2,000 Accounts payable = $2,400 Answer 36 days 21 days 28 days 27 days 24 days

 

Paper#11950 | Written in 18-Jul-2015

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