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13. Dothan Progress has $5 million of sales, $1 million of inventories, $1.5 million of accounts receivables, and $.8 million of accounts payables. Its cost

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13. Dothan Progress has $5 million of sales, $1 million of inventories, $1.5 million of accounts receivables, and $.8 million of accounts payables. Its cost of goods sold is 60% of sales. Find the cash conversion cycle. a) 141.68 days .65mil=30000006065 b) 138.15 days c) 126.08 days d) 133.84 days 30030000001,000000=121.672=243.3=

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