1. Calculate the sale-to-cash conversion period based on the following information: average inventories = $120,000; average receivables = $90,000: average payable – $40,000: cost of goods sold = $182,500: and net sales – $365,000.

2. Based on the following information, determine the venture’s cash conversion cycle: Inventory-to-sale conversion period =112.9 days: sales –to-cash conversion period = 57.1 days; and purchase to payment conversion period = 76.8 days.