15

Calculate the accounts receivable period, accounts payable periods, Inventory period, operating cycle, and cash conversion cycle for the following firm. Assume that the following data is from an annual financial report (Use 365 days in a year. Do not round Intermediate calculations. Round your answers to 2 decimal places.) Income statement data Sales $2,000 Cost of goods sold 1,750 Balance sheet data Inventory Accounts receivable Accounts payable $355 103 285 days Accounts receivable period Inventory period days Accounts payable period Operating cycle Cash conversion cycle days days days