need help with #8 part a and b

S. [Cash Conversion Cyclel Two years of financial statement data for the Munich Expo rt Corpo ration are shown below A. Calculate the inventory-to-sale, sale-to-cash, and purchase- to-payment conversion periods for Munich Exports for 2016. B. Calculate the length of Munich Exports' cash conversion cycle for 2016. MUNICH EXPORTS CORPORATION BALANCE SHEET Cash Accounts receivable Inventories 2015 2016 50,000 200,000 450,000 700,000 300,000 50,000 300,000 570,000 920,000 380,000 1,300,000 Total current assets Fixed assets, net Total assets $1,000,000 220 Part 3 Planning for the Future 2015 130,000 2015180,000 2016 BALANCE SHEET (Continued) Accounts payable Accruals Bank loan 70,000 90,000 340,000 550,000 50,000 200,000 160,000 $1,300,000 50,000 Total current liabilities Long-tem deb Common stock ($0.50 par Additional paid-in-capital Retained earnings 90,000 270,000 400,000 50,000 200,000 80,000 Total liabilities and equity 2016 INCOME STATEMENT Net sales Cost of goods sold 2015 1,300,000 780,000 520,000 130,000 150,000 40,000 200,000 45,000 155,000 62,000 $1,600,000 960,000 640,000 160,000 150,000 55,000 275,000 55,000 220,000 88,000 S 132,000 Gross profit Marketing General and administrative Depreciation EBIT Earnings before taxes Net income Interest Income taxes 140% rate) $ 93,000