You Have Recently Been Hired to Improve the Performance of Multiplex

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 360-day year, what is your estimate of the firm's current cash conversion cycle? Current inventory = R120,000
Annual sales = R600,000
Accounts receivable = R160,000
Accounts payable = R25,000
Total annual purchases = R360,000
Purchases credit terms: net 30 days
Receivables credit terms: net 50 days

A) 49 days
B) 143 days
C) 100 days
D) 168 days
E) 191 days