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, what is your estimate of the firm s current cash conversion cycle?

Current inventory = $120,000 Annual sales = $600,000 Accounts receivable = $157,808 Accounts payable = $25,000 Total Cost of Goods Sold = $365,000

		a. 49 days
		b. 100 days
		c. 144 days
		d. 168 days
		e. 191 days