Question 31 (2 points) Assume the following information: days inventory outstanding = 50 days; days payables outstanding = 30 days; average collection period = 60 days. What is the cash conversion cycle? 30 days 80 days 50 days 60 days Question 32 (2 points) Indicate whether the item listed should usually be added (A) or subtracted (S) when adjusting the reported earnings figure to reflect a more relevant amount to compare to future earnings. Impairment charge related to goodwill. add subtract