The Williams Companies Inc estimates that the company takes 54 days on average to pay off its suppliers. It also knows that it has days' sales in inventory of 66 days and days sales' outstanding of 98 days. What is its cash conversion cycle? none of the answers is correct 54 days 118 days 62 days 110 days Question 6 1 pts Lennar Corp offers its customers payment terms of 4/15 EOM, net 70. Assuming 365 days in a year, calculate the implicit cost of trade credit (Do not round intermediate calculations, Round final answer to two decimal places). 20.70% 27.99% 10.56% none of the answers is correct. 31.12%