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 firms cash conversion cycle. Using the following information and a 365-day year, (a) what is your estimate of the firms current cash conversion cycle? Current inventory = $ 180,000.00 Annual sales = $ 700,000.00 Accounts receivable = $ 165,000.00 Accounts payable = $ 85,000.00 Total annual purchases = $ 567,000.00 Purchases credit terms: net 30 days. Receivables credit terms: net 50 days.