The general model of planned change describes the way OD efforts always proceed

Cromwell Incorporated has the information shown above on its annual Income Statement and Balance Sheet (all numbers shown are in thousands). What is Cromwell's cash conversion cycle?

Sales $122,800 Cost of Goods Sold 104,380 Accounts Receivable 10,900 Inventory 1,420 Accounts Payable 22,640 A) -41.8 days B) -36.1 days C) 24.3 days D) 111.6 days

Redeemable preferred stock:

A) obligates the company to pay to retire the stock at a set price. B) is really not stockholders' equity and thus is recorded as a liability. C) is redeemed at its liquidation value. D) A and B are correct.