The Paramount Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash flow cycle. Last year, Paramount's sales (all on credit) were $200,000 and its cost of goods sold was 80 percent of sales. Inventory was turned over ten times during the year and the accounts receivable turnover was 9. Paramount's payables deferral period is 30 days. Calculate Paramount's cash conversion cycle. A) 52 days B) 50 days C) 49 days D) 47 days E) 35 days Compute the average balance in accounts receivable. A) $12,575 B) $16,575 C) $18,000 D) $20,075 E) $22,222 Compute the average balance in accounts payable. A) $13,151 B) $14,575 C) $16,500 D) $18,000 E) $19,125 Compute the average balance in inventory. O A) $16,000 B) $17,000 OC) $17,500 D) $18,000 E) $19,125