• 2. The following information is taken from ABC company: 2013 2012 ✔ Account receivable…… 12,250 17,750 ✔ Inventory …………….. 7,000 5,000 ✔ Account payable ……… 4,000 3,500 In addition to the above data, Credit sales for the year just ended were birr 60,000, and cost of goods sold was birr 30,000. Additionally credit purchase of the year is 37,500 (use 360 for number of days in a year) (10 marks) Required: A. Inventory period B. Payable period C. Receivable period D. Operating cycle E. Cash conversion cycle F. Put your opinion towards the result.