32 The following information is extracts from the financial statements of the Al sharqia fisheries company for the 31st December 2020 ed Average accounts Payable OMR 10,000 out of Average Accounts Receivable OMR 91,500 question Average Inventory OMR 30600 Fixed assets OMR 95000 Net sales OMR 318,000 Net Purchases OMR 50,000 Fixed Liabilities OMR 80,000 Cost of goods sold OMR 360,000 From the above information answer the following questions 0 1. What is the Average inventory conversion period? Fixed assets OMR 95000 Net sales OMR 318,000 Net Purchases OMR 50,000 Fixed Liabilities OMR 80,000 Cost of goods sold OMR 360,000 From the above information answer the following questions 1. What is the Average inventory conversion period? 31 Days 11.47 days 73 days 105 days 2. What is the Average Payment Period? Net Purchases OMR 50,000 Fixed Liabilities OMR 80,000 Cost of goods sold OMR 360,000 From the above information answer the following questions 1. What is the Average inventory conversion period? 2. What is the Average Payment Period? 73 Days 105 days 31 days 11.47 days 3. What is the average receivable collection Period? 3. What is the average receivable collection Period? 4. What is the cash conversion Cycle? 147 Days 63 Days 88 Days 104 Days 33