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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 =Annual cost of goods sold =Inventory =Accounts receivable =Accounts payable = $45,000$30,000$4,500$1,800$2,500
a. 28 daysb. 32 daysc. 35 daysd. 39 dayse. 43 days
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