John Gray is really concerned that his companys working capital is not being managed efficiently. He decides to take a look at the firms operating

John Gray is really concerned that his company’s working capital is not being managed efficiently. He decides to take a look at the firm’s operating and cash conversion cycles to see what’s going on. Using the data provided below, help John measure his firm’s collection, production, payment, operating, and cash conversion cyclesrespectively.

Cash sales Credit sales Total sales Cost of goods sold $350,000 $600,000 S950,000 S600,000 Ending Balance Beginning Balance Accounts receivable Inventory Accounts payable $45,000 $22,000 S 6,000 S32,000 $9,000 S 5,000