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
A. 28 days
B. 32 days
C. 35 days
D. 39 days
E. 43 days
Answer: D
You might also like to view...
Our beliefs provide us with the necessary information to shape our attitudes, which in turn shape our ______.
A. virtues B. behaviors C. cognitions D. attitudes
Which of the following is true of a capital expenditure?
A) It is an outlay made to replace current assets. B) It is an outlay expected to produce benefits within one year. C) It is commonly used for current asset expansion. D) It is commonly used to expand the level of operations.
________ are promised a fixed periodic dividend that must be paid prior to paying any common stock dividends
A) Preferred stockholders B) Common stockholders C) Bondholders D) Creditors
Barbara owes Arturo $2,000. On July 1, Arturo assigns the debt to Charles. Thereafter on July 15, Arturo assigns the same right to Dennis, who in good faith gives value for it and knows nothing about the first assignee. Dennis immediately notifies Barbara of the assignment. Under:
A) all of the rules, Charles has priority since he was the first assignee in time. B) the majority rule, Dennis has priority. C) the English Rule, Dennis has priority. D) the English Rule, Charles has priority.