Loud Noise Recordings Corporation has forecasted sales of $29,000,000 for next year and expects its cost of goods sold (COGS) to remain at 60% of sales. Currently, the firm holds $3,200,000 in inventories, $2,100,000 in accounts receivable, and $2,700,000 in aocounts payable Approximately how long does it take Loud Noise Recordings to convert its raw materials to its finished products and then to sell those goods? (Note: In all calculations, assume that there are 365 days in a year.) 53.70 days 67.13 days 50.35 days O 46.99 days On average, it takes from the time a sale is m ade until the time cash is collected from customers a)26.43days b)22.47days c)21.14 days d)29.07 days Loud Noise Recordings relies on customer credit when it buys raw materials from its su ppliers. On average, it takes after the firm purchases materials before it sends cash to its suppliers a)62.30days b)65.14days c)56.64days d)59.47days What is the length of Loud Noise Recordings's cash conversion cycle (CCC)? O 42.46 days O 44.30 days O 36.92 days O 38.77 days