Desai Inc. has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
Annual sales =
Annual cost of goods sold =
Inventory =
Accounts receivable =
Accounts payable = $45,000
$30,000
$4,500
$1,800
$2,500
a. 28 days
b. 32 days
c. 35 days
d. 39 days
e. 43 days