Calculate the Cash Conversion and Operating Cycle, Given the Following

Calculate the Cash Conversion and Operating cycle, given the following information: $$\begin{array} { | l | c | } \hline \text { Data: } & \\\hline \text { Average Inventory } & 840.00 \\\hline \text { Average AR } & 600.00 \\\hline \text { Average AP } & 1,200.00 \\\hline \text { sales } & 7,000.00 \\\hline \text { COGB } & 6,000.00 \\\hline\end{array}$$

A) 9.39 days and 82.39 days
B) 15.45 days and 101.52 days
C) 17.67 days and 111.56 days
D) 20.25 days and 115.50 days

Correct Answer:

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