3. Using the following information, compute Operating cycle and Cash conversion cycle. + Item Beginning Balance Ending Balance Average Inventory $2,300 $3,500 $2,900 $1,750 $2,300 $2,025 Accounts Receivable Accounts Payable Net Sales $700 $900 $800 $13,000 Costs of Sales AVG Inventory turnover = AVG Receivable turnover = AVG payable turnover = CCC = DIO + DSO - DPO = $8,500 DIO= = DSO = DPO =