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Happy Turtle Transporters Inc. has forecasted sales of $29,000,000 for next year and expects its cost of goods sold (COGS) to remain at 60% of sales. Currently, the firm holds $2,700,000 in inventories, $2,300,000 in accounts receivable, and $2,500,000 in accounts payable. Approximately how long does it take Happy Turtle Transporters to convert its raw matenals to its finished products and then to sell those goods? (Note: In all calculations, assume that there are 365 days in a year) 42.48 days 31.85 days 56.64 days 23.16 days 59.47 days 28.95 days O 39.65 days 21.71 days On average, it takes from the time a sale is made until the time cash is collected from customers. after the Happy Turtle Transporters relies on customer credit when it buys raw materials from its suppliers. On average, it takes firm purchases materials before it sends caith to its supplier Happy Turtle Transporters Inc. has forecasted sales of $29,000,000 for next year and expects its cost of goods sold (COGS) to remain at 60% of sales. Currently, the firm holds $2,700,000 in inventories, $2,300,000 in accounts receivable, and $2,500,000 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) 42.48 days 56.64 days 59.47 days 60.31 days 39.65 days 44.57 days 52.44 days On average, it takes from the time a sale is made until the time cash is collected from customers 41.95 days Happy Turtle Transporters relies on customer crede when buys raw materials from its suppliers. On average, it takes hem purchases material before it sends cash to its suppliers 13 after the