Question: Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 41 days, and a payables deferral period

Cash Conversion Cycle

Negus Enterprises has an inventory conversion period of 62 days, an average collection period of 41 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 $4,708,500 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.

___

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