Christie Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Christie's 2012 sales (all on credit) were $145,000; its cost of goods sold is 80% of sales; and it earned a net profit of 8%, or $11,600. It turned over its inventory 6 times during the year, and its DSO was 34.5 days. The firm had fixed assets totaling $33,000.

Christie's payables deferral period is 35 days. Assume 365 days in year for your calculations. Calculate Christie's cash conversion cycle. Round your answer to two decimal places. _____ days

I got 60.33, but it was graded as incorrect.