Winston Inc. is trying to determine the effect of its inventory turnover ratio and days sales outstanding on its cash conversion cycle.
Winston's 2013 sales (all on credit) were $193,000 and its cost of goods sold was 75% of sales. It turned over its inventory 8.77 times during the year.
Its receivables balance at the end of the year was $13,135.52 and its payables balance at the end of the year was $7,408.41.
Using this information calculate the firm's cash conversion cycle. Round your answer to the nearest whole. Round the days amounts in your intermediate calculations to the nearest whole day.