Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate cash conversion cycle

Round the answers to two decimal places

Balance Sheet December 31, 2012

Cash and marketable securities $198,000 Accounts payable $288,000

Accounts receivable $469,000 Notespayable $65,000

Inventories $577,000 Accrued expenses $84,000

Prepaid expenses $15,700 Total current liabilities $437,000

Total current assets $1,259,700 Long-term debt $237,000

Gross fixed assets $1,954,000 Par value and paid-in-capita l$199,000

Less: accumulated depreciation $476,000 Retained Earnings $1,864,700

Net fixed assets $1,478,000 Common Equity 2,063,700

Total assets $2,737,700 Total liabilities and owner's equity $2,737,700

Income Statement, Year of 2012

Net sales (all credit) $7,546,600.00

Less: Cost of goods sold $6,112,746.00

Selling and administrative expenses $349,000.00

Depreciation expense $145,000.00

EBIT $939,854.00

Interest expense $49,500.00

Earnings before taxes $890,354.00

Income taxes $356,141.60

Net income $534,212.40