Question: The following information is provided for a firm: Annual sales $1,216,666 Cost of goods sold 1,013,889 Inventory 166,666 Accounts receivable 250,000 Accounts payable 150,000 a.

The following information is provided for a firm: Annual sales $1,216,666 Cost of goods sold 1,013,889 Inventory 166,666 Accounts receivable 250,000 Accounts payable 150,000 a. What is the inventory conversion period? b. What is the average collection period? c. What is the payables deferral period? d. What is the cash conversion cycle

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