Chapter 14 Assignment Back to Assignment Attempts 1.3 1.3 Keep the Highest 1.372 4. The components of the operating cyde Consider this data for Chocolate Cookie Company (CCC) and use it to complete the table: $57,813 Selected Financial Data for Chocolate Cookie Company (CCC) Average cash Average accounts payable Average accounts receivable Average inventories Average cash sales Average credit sales Average cost of goods sold Average number of days per year Inventory conversion period Payables deferral period Receivables conversion period Cash conversion cycle $640,000 $1,387,500 $693,750 $4,625,000 $13,875,000 $8,325,000 360 days 30.00 days days days days Grade it Now Save & Continue Continue without saving