Question: 2 1 - 1 1 . Negus Enterprises has an inventory coinversion period of 5 0 days, an average collection period of 3 5 days,

21-11. Negus Enterprises has an inventory coinversion period of 50 days, an average collection period of 35 days, and a payables deferral period of 25 days. Assume that cost of goods sold is 80% of sales.
a. What is the length of the firm's cash conversion cycle?
b. If annual sales are $4,380,000 and all sales are on credit, what is the firm's investment in accounts receivable?
c. How many times per year does Negus Enterprises turn over its inventory?
21-11. Negus Enterprises has an inventory coinversion period of 50 days,

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