Please explain the solution to this general accounting problem using the correct accounting principles.

Income statement data: Sales $7,800 Cost of goods sold $6,200 Balance sheet data: Inventory $720 Accounts receivable $390 Accounts payable $480 Calculate the accounts receivable period, accounts payable period, inventory period, and cash conversion cycle for the above firm: (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 1 decimal place.)