16. Calculate the inventory-to-sale conversion period based on the following information: average inventories = $120,000; average receivables = $90,000; average payables = $40,000; cost of goods sold = $182,500; and net sales = $365,000. a. 240.0 days b. 180.0 days c. 90.0 days d. 60.0 days e. 45.0 davs