Extensive Enterprise Corporation has forecasted sales of $28,000,000 for next year and expects its cost of goods sold (COGS) to remain at 60% of sales. Currently, the firm holds $2,700,000 in Inventories, $2,200,000 in accounts receivable, and $2,800,000 in accounts payable. Approximately how long does it take Extensive Enterprise to convert its raw materials to its finished products and then to sell those goods? (Note: Use 365 days as the length of a year in all calculations, and round all values to two decimal places.) 52.79 days 58.66 days 46.93 days 44.00 days On average, it takes from the time a sale is made until the time cash is collected from customers. after the firm Extensive Enterprise relles on customer credit when it buys raw materials from its suppliers. On average, it takes purchases materials before it sends cash to its suppliers. The length of Extensive Enterprise's cash conversion cycle (CCC) is CCC In general firms prefer a What is the length of Extensive Enterprhe's cash conversion cycle (CCC) 29.16 days 25.18 days What is the length of Extensive Enterprise's cash conversion cycle (CCC)? 29.16 days 25.18 days 26.51 days 23.86 days In general, firms prefera . The management at Extensive Enterprise wants to continue its internal discussions regarding its cash management. One of the finance team members presents the following case to her cohorts: Case in Discussion Little Cow Construction Company's management plans to finance its operations with bank loans that will be repaid as soon as cash is available. The company's management expects that it will take 50 days to manufacture and sell its products and 40 days to receive payment from its customers. Little Cow Construction Company's CFO has told the rest of the management team that they should expect the length of the bank loans to be approximately 90 days