frect Use the following to answer questions 11 and 12. Ahmad Company has sales of KD 15 million per year, all on credit terms calling for payment within 30 days; and its accounts receivable are KD 4 million. CHAPTER 16 Inventory Average Payables Cash conversion + collection - deferral conversion period period period cycle Inventory conversion period Inventory Cost of goods sold per day Average collection period (ACP or DSO) Payables Receivables Sales/365 Purchases per day Cost of goods sold/365 Payables deferral period Payables Accounts receivable =Sales per day x Length of collection period Receivables (ADS)(DSO) 11. (1 point) What is Ahmad's DSO? A. 97.33 days B. 91.62 days C. 89.11 days D. 102.87 days E. 104.50 days 12. (1 point) How much capital would be released if Ahmad could take action that led to on-time payments? A. KD 2,767,123.288 B. KD 2,645,621.989 C. KD 2,124,873.124 D. KD 2,472,981.989 E. KD 2,223,645.121