Calculate the sale-to-cash conversion period based on the following information: average inventories =$120,000; average receivables =$90,000; average payables =$40,000; cost of goods sold =$182,500; and net sales =$365,000. a) 45 days b) 90 days C) 180 days d) 60 days uestion 8 (Mandatory) (10 points) Based on the following information, determine the venture's cash conversion cycle: inventory-to-sale conversion period =112.9 days; sale-to-cash conversion period =57.1 days; and purchase-to-payment conversion period =76.8 days. a) 133.9 days b) 170.0 days C) 189.7 days d) 93.2 days