[Cash Conversion Cycle] Two years of financialstatement data for the Munich Export Corporation are shownbelow.A. Calculate the inventory-to-sale, sale-to-cash, andpurchase-to-payment conversion pe MUNICH EXPORTS CORPORATION\begin{tabular}{lrr} IN COM E STATE MEN T & \( \mathbf{2 0 1 2} \) & \( \mathbf{2 0 1 3} \) \\ \hline Net sales & \( \$ 1,300,000 \) & \( \$ 1,600,000 \) \\ Cost of goods s 2 answers