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Cash Conversion Cycle Multiple Choice What is the cash conversion cycle for a firm with $3million average inventories, $1

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Cash Conversion Cycle Multiple Choice

What is the cash conversion cycle for a firm with $3million average inventories, $1.5million average accounts payable, a receivables period of 40 days, and an annual cost of goods sold of $18 million?

a. 14.59 days
b. 46.25 days
c. 70.41 days
d. 136.25 days