What Is the Cash Conversion Cycle for a Firm with $3

What is the cash conversion cycle for a firm with $3 million average inventories, $1.5 million average accounts payable, a receivables period of 45 days, and an annual cost of goods sold of $18 million?

A) 14.59 days
B) 46.25 days
C) 75.41 days
D) 136.25 days Cash conversion cycle = inventory period + receivables period - accounts payable period
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