Shulman Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's...
Shulman 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 = |
$30,000 |
| Inventory = |
$4,500 |
| Accounts receivable = |
$1,800 |
| Accounts payable = |
$2,500 |
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