Alta Custom Inc. has $5 million of inventory and $2 million of accounts receivable. Its average daily GOGS is $109,000 and average dailysales are $120,000. The company's payables deferral period (accounts payable divided by daily purchases) is 30 days. What is their cash conversion cycle?(Hint:You may use the average daily sales to substitute for average daily COGS,when COGS is not given)

a.28.5

b.32.5

c.30

d.26