Question: 5. Problem 16-11 Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 61 days, an average collection period of of sales.

5. Problem 16-11 Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 61 days, an average collection period of of sales. Assume 365 days in year for your calculations 37 days, and a perables deferral period of 31 days. Assume that cost of goods sold is 80% a. What is the length of the firm's cash conversion cycle? days b. If Negus's annual sales are $3,269,050 and all sales are on credt, w haet is the hrm's investmant in accounts recevabia? Round your answer to the rarest dola Do not round c. How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places. Do not round intermediate calculation

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