Buy-Cream Products (BCP) has an average accounts receivable balance of $1,250,000; an

average inventory balance of $1,750,000; and an average accounts payable balance of

$800,000. Its annual sales are $12,000,000 and its cost of goods sold represents 80% of annual

sales. Annual purchases represent 75% of the cost of goods sold. Assume there are 365 days in

a year. What is BCPs cash conversion cycle?

N.B. Round to two decimal places.