You have recently been hired to improve the performance of Multiplex Corporation, which has been experiencing a severe cash shortage. As one part of your analysis, you want to determine the firm's cash conversion cycle. Using the following information and a 365-day year, (a) what is your estimate of the firm's current cash conversion cycle? - Current inventory = - Annual sales = $180,000.00 - Accounts receivable = $700,000.00 - Accounts payable = $165,000.00 - Total annual purchases = $85,000.00 - Purchases credit termsi net 30 days. - Receivables credit terms: net 50 days