Use this slide from Week 8's lecture to answer this question: Sample company: MPC MPC Income Statements for Years Ended 2015 and 2016 2015 2016 Net Sales $ 438,000 $ 575,000 -Cost of goods sold $1285.000 $1280.000) Gross profit $ 153,000 $ 195,000 -Administrative expenses $ 45,000) $ (65,000) -Marketing expenses $ (32,000) $ (39,000) -Research and development $ (20,000) $ (27,000) -Depreciation $14.000 $ (17.000 EBIT $ 42,000 $ 47,000 -Interest expenses $ (12000) $ 120,000) Income before taxes $ 30,000 $ 27,000 -Income tax (30% rate) $19.000) $ (8,000) Net income $ 21,000 $ 19,000 MPC Balance Sheet for Years Ended 2014, 2015 and 2016 2014 2015 2016 Assets Cash and marketable securities $ 10,000 $ 10,000 $ 5,000 Receivables $ 60,000 $ 75,000 $ 105,000 Inventories $ 70,000 $ 95.000 $ 140,000 Total current assets $ 140,000 $ 180,000 $ 250,000 Gross plant and equipment $ 205,000 $ 205,000 $ 255,000 Less: accumulated depreciation $_128.0001 $ 142.000 $_159.000 Net plant and equipment $177.000 $ 163.000 $ 194.000 Total assets $ 317,000 $ 343,000 $ 446,000 Liabilities and Equity Payables Short-term bank loan Accrued liabilities Total current liabilities Long-term debt Owners equity Total liabilities and equity $ 47,000 $ 40,000 $ 8.000 $ 95,000 $ 100,000 $ 122.000 $ 317,000 $ 57,000 $ 44,000 $ 9.000 $ 110,000 $ 90,000 $ 143.000 $ 343,000 $ 84,000 $ 110,000 $ 10,000 $ 204,000 $ 80,000 $ 162.000 $ 446,000 What was MPC's cash conversion cycle for 2015? (Hint: Where averages are needed, use 2014 & 2015 figures. You can safely ignore all 2016 figures here.) 0 68.4 days 84.4 days 79.3 days O 161.9 days O 239.4 days