Question 9 A firm has $5 million of inventory and $2 million of accounts receivable. Its average daily sales are $100,000 and cost of goods sold (COGS) is $80,000. The companys payables deferral period (accounts payable divided by daily purchases) is 32 days. What is its cash conversion cycle?

a. 25.5

b. 26.0

c. 43.6

d. 50.5