Aa Aa Cash conversion cycle sh management is a very important function of managers. Companies need to manage their operations in a way at they can sustain growth and yet not run out of cash. nsider the case of the Happy Turtle Transporters Corporation: lappy Turtle Transporters Corporation has forecasted sales of $30,000,000 for next year and expects its cost of oods sold (COGS) to remain at 60% of sales. Currently, the firm holds $2,700,000 in inventories, $2,300,000 in ccounts receivable, and $2,600,000 in accounts payable. Approximately how long does it take Happy Turtle Transporters to convert its raw materials to its finished products and then to sell those goods? (Note: In all calculations, assume that there are 365 days in a year.) O 41.06 days O 46.54 days O 43.80 days 54.75 days On average, it takes from the time a sale is made until the time cash is collected from customers Happy Turtle Transporters relies on customer credit when it buys raw materials from its suppliers. On average, it takes after the firm purchases materials before it sends cash to its suppliers What is the length of Happy Turtle Transporters's cash conversion cycle (CCC)? O 36.01 days O 31.51 days O 27.01 days O 30.01 days