Use the following information to answer Questions 6-10. ABC Corp. is a leader in selling headsets to businesses. The average number of days a headset is held in inventory before being sold is 40 days. The company pays its suppliers in 30 days after the inventory is purchased. In addition, ABC receives cash from all its sales in 20 days after the headsets are sold 6. What is ABC's inventory conversion period? a. 20 days b. 30 days 940 days d. 50 days 7. What is ABC's accounts payable deferral period? a. 20 days b. 30 days c. 40 days d. 50 days 8. What is ABC's average collection period? a. 20 days b. 30 days c. 40 days d. 50 days 9. What is ABC's operating cycle? a. 50 days b. 60 days c. 70 days d. 80 days 10. What is ABC's cash conversion cycle? a. 20 days b. 30 days c. 40 days d. 50 days 11. If $500,000 is borrowed at 6.5% interest rate for 3 months, what is the interest amount? a. $6,500 b. $7,250 c, $8,125