Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 69 days, an average collection period of 40 days, and a payables deferral period of 24 days Assume that cost of goods sold is 80 of sales Assume a 365 day year Do not round intermediate calculations What is the length of the firm's cash conversion cycle Round your answer to the nearest whole number days If annual sales are $4,307,000 and all sales are on credit, what is the firm's investment in accounts receivable Round your answer to the nearest dollar $

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Question: Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 69 days, an average collection period of 40 days, and a payables deferral period

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 69 days, an average collection period of 40 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations.

What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number.

days
If annual sales are $4,307,000 and all sales are on credit, what is the firm's investment in accounts receivable? Round your answer to the nearest dollar.

$

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