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 365-day year, what is your estimate of the firm’s current cash conversion cycle? • current inventory = $120,000. • annual sales = $600,000. • accounts receivable = $157,808. • accounts payable = $25,000. • total annual purchases = $365,000. • purchases credit terms: net 30 days. • receivables credit terms: net 50 days.