Question: In 2 0 2 3 Super Mega Storm, Inc. has 4 , 2 2 6 , 2 5 2 in credit sales, 3 7 9

In 2023 Super Mega Storm, Inc. has 4,226,252 in credit sales, 379,431, in average Accounts Receivable, 200,843 in average Accounts Payable, and 587,576 in average Inventories. Cost of Goods Sold that year was 2,279,103. Use 365-days a year.
Calculate Days in Inventory (also called Inventory conversion period).
Calculate days of sales outstanding in receivables (also called receivables collection period).

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