Pen Paper's sales are $48,000,000, EBIT is $25M, cost of goods sold are $25M, and net...

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Pen Paper's sales are $48,000,000, EBIT is $25M, cost of goods sold are $25M, and net income is $5,400,000. Account receivables is $10M, inventory is $8,000,000, and account payables $12,000,000. Pen Paper's cost of capital is 12.5% with a marginal tax rate of 30%. Finally, the debt to equity ratio is 140%. Find the inventory conversion period Find average collection period or days sales outstanding Find the payable deferral period Find the operating cycle. Find the cash conversion cycle. Pen Paper's sales are $48,000,000, EBIT is $25M, cost of goods sold are $25M, and net income is $5,400,000. Account receivables is $10M, inventory is $8,000,000, and account payables $12,000,000. Pen Paper's cost of capital is 12.5% with a marginal tax rate of 30%. Finally, the debt to equity ratio is 140%. Find the inventory conversion period Find average collection period or days sales outstanding Find the payable deferral period Find the operating cycle. Find the cash conversion cycle.

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