Question: Include any excel formulas used to arrive at the answer. (16-11) Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 50 days, an

Include any excel formulas used to arrive at the answer.

(16-11) Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 50 days, an average collection period of 35 days, and a payables deferral period of 25 days. Assume that cost of goods sold is 80% of sales. a. What is the length of the firm's cash conversion cycle? Answer b. If annual sales are $4,380,000 and all sales are on credit, what is the firm's investment in accounts receivable? Answer c. How many times per year does Negus Enterprises turn over its inventory

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