BMC Ltd has an average accounts receivable balance of $1,250,000, an average inventory balance of $1,750,000 and an average accounts payable balance of $800,000. Its annual sales are $12,000,000 and its cost of goods sold represents 80% of annual sales. Assume there are 365 days in the year. What is BMC's cash conversion cycle? BMC Ltd has an average accounts receivable balance of $1,250,000, an average inventory balance of $1,750,000 and an average accounts payable balance of $800,000. Its annual sales are $12,000,000 and its cost of goods sold represents 80% of annual sales. Assume there are 365 days in the year. What is BMC's cash conversion cycle? 60.83 days 72.28 days 100.55 days 74.14days