Sliver Computing, Inc., reported the following balance sheet information for the last fiscal year. Sliver Computing also reported cost of goods sold of $291,240 for the same period. Internal auditors state that the firm’s cash conversion cycle is 21.53 days.

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Sliver Computing Inc. Assets Liabilities Cash and marketable securities $ 94,032 Accounts payable $ 68,561 Accounts receivable $160,684 Notes payable $136,320 Total current Inventories $ 19,809 liabilities $204,881 Other current assets $ 647 Total current assets $275,172