Freda Bakery collects 70% of its monthly sales immediately and the rest a month later. Its production costs are 65% of sales. It holds 1 month of sales in inventory (inventory period), and it pays half its bills immediately and half after 30 days. Calculate the cash conversion cycle (CC) and the operating cycle (OC) for Montreal Bagel Bakery. 21 days and 36 days 45 days and 36 days 39 days and 24 days 24 days and 39 days 24 days and 30 days