Question: Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 56 days, on average collection period of 41 days, and a payables deferral period

Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 56 days, on 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. a. What is the length of the firm's cash conversion cyde? Round your answer to the nearest whole number. doys b. If annual sales are $4,891,000 and all sales are on credit, what is the firm's investment in accounts recelvable? Round your answer to the nearest dellar. 5 c. How many times per year does Negus Enterprises tum over its inventory? Round your answer to two dedimal places

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