Calculate the accounts receivable period, accounts payable periods, inventory period, and cash conversion cycle for the following

Question:

Calculate the period, periods, inventory period, and for the following firm.
Assume that the following data is from an annual financial report.
Income Statement Data
Sales...........................5,000
Cost of goods sold...........4,200
Balance Sheet Data
Inventory........................550
Accounts receivable............110
Accounts payable...............270
Cash Conversion Cycle
Cash conversion cycle measures the total time a business takes to convert its cash on hand to produce, pay its suppliers, sell to its customers and collect cash from its customers. The process starts with purchasing of raw materials from suppliers,... Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...