Inventory conversion period is the average time required to convert raw materials into finished goods and then to sell them, which Average collection period (ACP) is the average length of time required to convert the firm's receivables into cash, that is, to collect cash following a sale, it is also called the days sales outstanding (DSO) which can be expressed as salsfirmichles. Payables deferral period is the average length of time between the purchase of materials and labor and the payment of cash for Suppose your start-up buys $80,000 of merchandise each month, which is sold within 90 days. You have so days to pay your suppliers, and allow your customers 105 days to pay for their purchases. You expect your monthly sales to be 593,000 . You borrow funds required to support operations from a bank and must repay the loans as spon as cash is avallable. Complete the following table by finding out the number of days each period takes, as well as the cash conversion cycle