A business analysis has recently been hired to improve the performance of a firm. As one part of your analysis, the analyst wants to determine the firms cash conversion cycle. Using the following information and a 365-day year: Current inventory = $2,000,000; Annual sales = $10,000,000; Accounts receivable = $657,534; Accounts payable = $657,534; Cost of goods sold = $8,000,000. Calculate the firms inventory conversion cycle.

		27 days
		73 days
		65 days
		95 days

Based on information from Question 46, Calculate the firms receivables collection period.

		33 days
		73 days
		70 days
		24 days

Based on information from Question 46, Calculate the firms payables deferral period.

		30 days
		33 days
		70 days
		24 days

Based on information from Question 46~48, Calculate the firms cash conversion cycle (CCC).

		67 days
		82 days
		36 days
		70 days