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The Jefferson Corporation is interested in examining its cash conversion cycle. Suppose your accounting staff have assembled the following data for your use: Account Information

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The Jefferson Corporation is interested in examining its cash conversion cycle. Suppose your accounting staff have assembled the following data for your use: Account Information Inventory $1,200,000 Accounts receivable $960,000 Accounts payable $480,000 Wages, benefits, and payroll taxes payable $380,000 Sales $30,000,000 Cost of sales $12,000,000 Selling, general, and administrative expenses $1,800,000 What is the cash conversion cycle in days. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls 25.43 days 26.46 days 28.31 days 30.72 days

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