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Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
Annual sales = $45,000Annual cost of goods sold = $30,000Inventory = $4,500Accounts receivable = $1,800Accounts payable = $2,500
a. 28 daysb. 32 daysc. 35 daysd. 39 dayse. 43 days
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