Josephson Corp.s average age of accounts receivable is 38days the average age of accounts payable is 24 days and theaverage age of inventory is 44 days. What is the length of its cashconversion cycle and what does this mean?a. 64 days; the Days Sales Outstandingb. 58 days; the length of short-term loansc. 44 days; the number of days it takes to sell itsinventoryd. 38 days; the average length of short-term loanse. 24 days; the length of the Fixed Asset Turnover