Number 3

Post Corporation purchases from suppliers on net 30 day terms, has an Accounts Receivable Turnover of 8.11 times, and an inventory Turnover of 14.6 times. What is the cash conversion cycle? On January 1, 2014 Creek Company's beginning inventory was $500,000. During 2014 the company purchased $2, 400,000 of additional inventory, and on December 31, 2014 Creek's ending inventory was $300,000. What was Creek's inventory turnover for 2014