Your consulting firm was recently hired to improve the performance of SS Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate. As one part of your analysis, you want to determine the firms cash conversion cycle. Using the following information and a 365-day year, what is the firms present cash conversion cycle? Briefly discuss result.

Average Ineventory=$75,000

Annual Sales=$900,000

Annual cost of Goods sold=$540,000

Average Accounts Recievable=$160,000

Average Acounts Payable=$250,000