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The Red Square Marine Products, Inc. has an inventory conversion period of 64 days, a receivables collection period of 36 days, and a payables deferral

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The Red Square Marine Products, Inc. has an inventory conversion period of 64 days, a receivables collection period of 36 days, and a payables deferral period of 34 days. The firm's average annual sales are $4,563,441. All of the company's sales are made on credit. Based on this information, the length of the firm's cash conversion cycle and its investment in accounts receivables are which of the following given a 365 day year? Select one: a. 66 days and $ 425,088 b. 66 days and $ 450,093 c. 6 days and $ 450,093 d. 62 days and $ 356,250 e. 62 days and $ 425,088

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