19-1)

Income statement data:Sales$5,900Cost of goods sold5,100Balance sheet data:Inventory$580Accounts receivable200Accounts payable360

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.)

a.Accounts receivable perioddaysb.Accounts payable perioddaysc.Inventory perioddaysd.Cash conversion cycledays