Question: The Mohawk Corporation is interested in examining its cash conversion cycle. Suppose a Mennen manager has assembled the following data for your use: $1M (M

The Mohawk Corporation is interested in examining its cash conversion cycle. Suppose a Mennen manager has assembled the following data for your use: $1M (M = million) in inventory; $0.8M in account receivables (AR); $0.4M in account payables (AP); $0.15M in wages, benefits, and payroll taxes payable (WBT); $30M in sales; $10M in cost of sales (CS); and, $1.5M in selling, general, and administrative expenses (SGA). What is the cash conversion period? (Enter your answer rounded to 2 digits after the decimal point. Example: An answer of 26.36786 would be entered as 26.37).

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