4. The components of the operating cycle Consider this data for Galaxy Wholesalers Incorporated and use it to complete the table: $48,438 Selected Financial Data for Galaxy Wholesalers Incorporated Average cash Average accounts payable Average accounts receivable Average inventories $560,000 $1,162,500 Average cash sales $581,250 $3,875,000 $11,625,000 $6,975,000 360 days Average credit sales Average cost of goods sold Average number of days per year Inventory conversion period Payables deferral period Receivables conversion period Cash conversion cyde 30.00 days days days days $560,000 $1,162,500 $581,250 $3,875,000 $11,625,000 $6.975,000 66.00 days days 58.90 days 37.10 days days $560,000 $1,162,500 $581,250 $3,875,000 $11.625,000 27.38 1,000 ays 36.00 days 219.00 days days days holesalers Incorporated $48,438 $560,000 $1,162,500 $581,250 $3.875,000 13.195,000 ,000 105.50 ays 28.90 days days days days