Spartan Sporting Goods has

$5

million in inventory and

$2

million in accounts receivable. Its average daily sales are

$100,000

. The company's payables deferral period (accounts payable divided by daily purchases) is 30 days. What is the length of the company's cash conversion cycle?\ a. 60 days\ b. 50 days\ c. 40 days\ d. 100 days\ e. 33 days

Spartan Sporting Goods has $5 million in inventory and $2 million in accounts receivable. Its average daily sales are $100,000. The company's payables deferral period accounts payable divided by daily purchases) is 30 days. What is the length of the company's cash conversion cycle? a. 60 days b. 50 days c. 40 days d. 100 days e. 33 days