Question: 4. The components of the operating cycle Consider this data for Eastern Gas & Electric Company (EGEC) and use it to complete the table: Selected

4. The components of the operating cycle

Consider this data for Eastern Gas & Electric Company (EGEC) and use it to complete the table:

Selected Financial Data for Eastern Gas & Electric Company (EGEC)
Average cash $15,625
Average accounts payable $480,000
Average accounts receivable $375,000
Average inventories $187,500
Average cash sales $1,250,000
Average credit sales $3,750,000
Average cost of goods sold $2,250,000
Average number of days per year 360 days
Inventory conversion period 30.00 days
Payables deferral period ? days
Receivables conversion period ? days
Cash conversion cycle ? days

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