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Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly...

Marshall Inc. recently hired your consulting firm to improve the company's performance. It has been highly profitable but has been experiencing cash shortages due to its high growth rate. 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 the firm's present cash conversion cycle? Enter your answer rounded to two decimal places. For example, if your answer is 123.45% or 1.2345 then enter as 1.23 in the answer box. Average Inventory = $70,000.00 Annual Sales = $625,000.00 Annual Cost of Goods Sold = $350,000.00 Average Accounts Receivable = $170,000.00 Average Accounts Payable = $30,000.00

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