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
Answer: A
Business
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