Dewey Corporation 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 your answer to the nearest day. Annual sales =$53,000 Annual cost of goods sold =$37,100 Inventory =$4,000 Accounts receivable =$2,000 Accounts payable =$2,400 ?
A. 29 days
B. 25 days
C. 30 days
D. 36 days
E. 33 days
Answer: C
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