Question: (A3d) (Cash conversion cycle) The Mennen Corporation is interested in examining its cash conversion cycle. Suppose a Mennen manager has assembled the following data for

(A3d) (Cash conversion cycle) The Mennen Corporation is interested in examining its cash conversion cycle. Suppose a Mennen manager has assembled the following data for your use: $1.20 millionInventory $0.96 millionAccounts receivable $0.48 millionAccounts payable $0.18 millionWages, benefits, and payroll taxes payable $30.0 millionSales $12.0 millionCost of sales $1.80 millionSelling, general, and administrative expenses Estimate cash conversion cycle. Group of answer choices 20.58 days 16.36 days 65.64 days 30.72 days

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