The Mennen Corporation is interested in examining its 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 million Inventory $0.96 million Accounts receivable $0.48 million Accounts payable $0.18 million Wages, benefits, and payroll taxes payable $30.0 million Sales $12.0 million Cost of sales $1.80 million Selling, general, and administrative expenses Estimate each of the following:

a. Inventory conversion period

b. Receivables collection period

c. Payables deferral period

d. Cash conversion cycle