Cineplex is experiencing a severe cash shortage and wants you as the financial analyst to determine their current cash conversion cycle (CCC). Assuming 365 days in a year and the additional information provided here below, what is the estimated cash conversion cycle for this firm? Current inventory R120 000 Accounts receivable R157 808 Accounts payable R25 000 Purchases credit terms net 30 days e Annual sales R600 000 .Total annual purchases R365 000 Receivables credit terms net 50 days 1. 49 days 2. 100 days 3. 136 days 4. 144 days