Calculate the Cash Conversion and Operating Cycle, Given the Following

Calculate the Cash Conversion and Operating cycle, given the following information: $$\begin{array} { | l | c | } \hline \text { Data: } & \\\hline \text { Average Inventory } & 1,500.00 \\\hline \text { Average AR } & 2,500.00 \\\hline \text { Average AP } & 650.00 \\\hline \text { sales } & 12,000.00 \\\hline \text { COGB } & 9,500.00 \\\hline\end{array}$$

A) 107 days and 132 days
B) 109 days and 134 days
C) 111 days and 136 days
D) 113 days and 138 days

Correct Answer:

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