Question: Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 7 2 days, an average collection period of 4 3 days, and a payables

Cash Conversion Cycle
Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 43 days, and a payables deferral period of 27 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.
$
How many times per year does Negus Enterprises turn over its inventory? Round your answer to two decimal places.
\times

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