Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Do not round intermediate calculations. Round to the nearest whole day. Annual sales =$45,000 Annual cost of goods sold =$22,500 Inventory =$4,500 Accounts receivable =$1,800 Accounts payable =$2,500 ?
A. 47 days
B. 56 days
C. 52 days
D. 54 days
E. 58 days
Answer: A
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