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
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