Fall 2020 Does your first name begin with the letter: X, B, C, F, G, J, M, N, O, T? YES NO YES Sales of $30,000,000 NO Sales of $60,000,000 Smith and Daughter Incorporated, SDI, has EBIT of 88 3M, cost of goods sold are 60% of sales, and net income is $1,540,000 Account receivables is $12M, inventory is $2,000,000, and account payables $5,000,000 SDI cost of capital is 125% with a marginal tax rate of 40%. Finally, the debt to equity ratio is 140% and the firm's dividend payout ratio is 65%. Use 365-day year What is Sales? Find average collection period aka days sales outstanding Find the payable deferral period Find the inventory conversion period Find the operating cycle Find the cash conversion cycle