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