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An analyst gathered the following information about a company. Cash: $120,000; Accounts receivable $920,000; Inventories $1,002,000; Accounts payable $720,500; Sales $2,934,000; Cost of goods sold

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An analyst gathered the following information about a company. Cash: $120,000; Accounts receivable $920,000; Inventories $1,002,000; Accounts payable $720,500; Sales $2,934,000; Cost of goods sold $2,542,000. The company's cash conversion cycle is closest to: a) 155 days b) 361 days OC) 258 days

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