A companys Cash Conversion Cycle is the length of time (in days) between when the company pays for inventory that it purchases and when it collects cash from a customer from sale of the inventory. Corp only sells its products on credit. What was the length of Quickens Cash Conversion Cycle (Working Capital Gap) rounded to the nearest whole day, if its key financial ratios were: Inventory turnover of 2.8; Receivable turnover of 7.9; and Payable turnover of 2.7?

Select one:

51 days

15 days

41 Days

39 days