11. Tamagachi, Inc. uses the FIFO inventory method. The following financial ratios are available for fiscal year 2017 for Tamagachi, Inc.:

Days inventory outstanding	28
Days sales outstanding	42
Return on assets	0.07
Return on equity	0.13
Net profit margin	0.05
Days payables outstanding	39

Which of the following statements is true?

a. Tamagachis cash conversion cycle is 31 days.

b. Tamagachis cash conversion cyle is 53 days.

c. Tamagachis leverage is 6 percent.

d. Tamagachis leverage is 15 percent.

e. Tamagachis cash conversion cycle is 14 days.