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i Question Help * sheets for NW Stone Supply showed Cash of $6,500 and $8,000 respectively, Accounts Receivable of $13,000 and $16,000, respectively, Inventory of
i Question Help * sheets for NW Stone Supply showed Cash of $6,500 and $8,000 respectively, Accounts Receivable of $13,000 and $16,000, respectively, Inventory of $13,500 and $10,500, respectively, and Accounts Payable of $4,800 and $7,800, respectively. Its 2019 Income Statement showed Net Sales of $116,000, Cost of Goods Sold of $56,000, and Net Income of $30,000. What is the cash conversion cycle for 2019? (Assume all Sales are credit sales calculations to two decimal places and your final answer to the nearest day) O A. 83 days O B. 8 days O C. 78 days O D. 74 days
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