Question: E Cash conversion cycle Zane Corporation has an inventory conversion period of 57 days, an average collection period of 39 days, and a payables deferral

E Cash conversion cycle

Zane Corporation has an inventory conversion period of 57 days, an average collection period of 39 days, and a payables deferral period of 32 days. Assume 365 days in year for your calculations. Zane's annual sales are $2,149,905 and all sales are on credit. How many times per year does Zane turn over its inventory? Assume that the cost of goods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio. Round your answer to two decimal places. Do not round intermediate calculations.

______ times

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