Question 4 (1 point) Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, and using a 365-day year, calculate cash conversion cycle Round the answers to two decimal places Balance Sheet December 31, 2013 Cash and marketable $112,000 Accounts payable $211,000 securities Accounts receivable $325,000 Notes payable $51,500 Inventories $426,000 Accrued expenses $50,100 Total current Prepaid expenses $10,700 $312,600 liabilities Total current assets $873,700 Long-term debt $225,000 Gross fixed assets $1,514,000 Par value and $117,000 paid-in-capital Less: accumulated $315,000 Retained Earnings $1,418,100 depreciation Net fixed assets $1,199,000 Common Equity 1,535,100 Total liabilities Total assets $2,072,700 and owner's $2,072,700 equity equity Income Statement, Year of 2013 Net sales (all credit) $3,256,600.00 Less: Cost of goods $2,572,714.00 sold Selling and administrative $323,000.00 expenses Depreciation $115,000.00 expense EBIT $245,886.00 Interest expense $29,600.00 Earnings before $216,286.00 taxes Income taxes $86,514.40 Net income $129,771.60 Your