A S DFGH Question 1 You have recently been hired to improve the performance of Multiplex Corporation, which has been experiencing a severe cash shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, what is your estimate of the firm's current cash conversion cycle? Current inventory $120,000. Annual sales $600,000. Accounts receivable $157,808. Accounts payable $25,000 Total annual purchases $365,000. Purchases credit terms: net 30 days. Receivables credit terms: net 50 days. swer amanonents of the cash conversion cycle