Question: Given the following data, determine the inventory conversion period (ICP), receivables conversion period (RCP), the Payment Conversion Period (PCP) and the operating cycle (use 365

Given the following data, determine the inventory conversion period (ICP), receivables conversion period (RCP), the Payment Conversion Period (PCP) and the operating cycle (use 365 days per year). Inventory =$4,300 COGS =$25,450 A/R=$4,700 Revenues =$39,575 Purchases =$11,200 A/P=$3,100 Show your work along with your solution(s)

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