$23,500 $4 500

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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7. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion
cycle? Round to the nearest whole day.
Annual sales =
Annual cost of goods sold =
Inventory =
Accounts receivable =
$45,000
$23,500
$4,500
$1,800
$2,500
Accounts payable =
Transcribed Image Text:7. Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle? Round to the nearest whole day. Annual sales = Annual cost of goods sold = Inventory = Accounts receivable = $45,000 $23,500 $4,500 $1,800 $2,500 Accounts payable =
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